24/84-86 Dearness Street, Garbutt QLD 4814

24/84-86 Dearness Street, Garbutt QLD 4814
2-bed 2-bath townhouse | secure gated complex | strong rental benchmark within complex | low-maintenance strata living | mixed suburb convenience This property is considered competitive for its compact two-bedroom, two-bathroom configuration within a secure gated complex, a format that remains relatively rare in Garbutt’s older detached housing stock. The inclusion of two bathrooms is a clear advantage for both owner-occupiers and tenants, while the single car space suits the low-maintenance lifestyle this townhouse offers. The complex itself sits on a sizeable strata site, which may support shared amenity even if not confirmed. This property serves investors and downsizers most directly, given the proximity to Townsville’s employment nodes and the evidence of consistent rental demand from internal complex data. The value of this townhouse may be influenced by the absence of confirmed building age, internal finishes, and overall condition—factors that could shift its price within the observed range. The prior sale at $280,000 in March 2024 and later offering around $460,000 suggest significant market movement; any further increases may depend on actual upgrades or market conditions. Strata living also limits land ownership, which may cap long-term capital growth relative to standalone houses. Buyers should weigh these unknowns when forming a price view, though the rental benchmark provides a useful yield indicator.
Detailed Independent Property Report prepared  by PropCred Analyst team for 24/84-86 Dearness Street, Garbutt QLD 4814
Checks found:
Value Risk
Liquidity Risk
Planning Risk 2
Income Risk 2
Execution Risk 2
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Market Insight

Garbutt is a high-demand entry point within Townsville’s top-performing regional market, driven by young professionals and trades workers. Recent price growth has been exceptionally strong, supported by a severe housing shortage and critically low vacancy rates. Future growth is underpinned by constrained new supply, though a significant portion of mortgaged owners indicates sensitivity to economic shifts.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

128m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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