22 Waddiwong Road, Coomera QLD 4209
22 Waddiwong Road, Coomera QLD 4209
Riverfront | renovated | family-ready | low supply street | strong rental demand
The property’s competitive strength lies in its rare combination of a full renovation and direct water frontage on a stable, owner-occupied street where supply is limited. The 296m² floorplan with two living areas and solar panels gives a family buyer immediate move-in convenience and lower ongoing costs, while the pool and water views lift its desirability above the median Coomera house. This house serves best a buyer wanting a turnkey home in a growing corridor with proven rental depth, as the nearby $1,150pw example confirms income resilience.
The main risk is the listing price sits above the suburb median and recent sales evidence, meaning the buyer must negotiate firmly or accept slower capital growth in the short term. The 2020 purchase history is unknown, but the renovation suggests the seller may have cost base that limits flexibility. The opportunity is to secure a property that would typically attract strong buyer competition in a tighter market, given the street’s low turnover and high owner-occupier ratio. Hold this house as a long-term family home or income-producing asset in a corridor with sustained demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 22 Waddiwong Road, Coomera QLD 4209
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Coomera is a high-growth family suburb, evidenced by its 52% population surge since 2016. Demand is driven by young families, with houses achieving 15.9% annual growth and a median of $981,000, while units rose 17.6% to $729,000. The market is exceptionally tight, with properties selling in just 19 days, supported by strong rental yields of 4.3% for houses and 5.0% for units. Future growth is underpinned by sustained population expansion, though rapid price escalation presents an inherent affordability constraint for new entrants.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
3
Land
642m²
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