24 Weal Avenue, Tarragindi QLD 4121
24 Weal Avenue, Tarragindi QLD 4121
New build on small block | Premium Mediterranean finish | Family catchment appeal | Low rental yield | Tightly held suburb
This house is a rare combination of brand-new construction and high-end specification in a suburb where most stock is older and more modest. The 323 m² floor area on a 456 m² lot is generous for a new build, and the fitout—travertine flooring, marble benchtops, Smeg appliances, butler’s pantry—places it clearly above typical family housing in Tarragindi. It serves best an owner-occupier family wanting move-in-ready luxury without the wait or risk of renovating. The school catchments and proximity to the CBD strengthen its appeal to that buyer group, who are likely to prioritise quality and convenience over yield.
The property may face a narrower buyer pool than standard family homes because its price point and premium finish target a specific segment. The low implied rental return suggests it is not suited to investors, which could limit competition at sale time. Its small block relative to the floor area might also reduce appeal for buyers seeking outdoor space. Buyers should weigh whether the quality of the build and location justify a price that may exceed recent local sales for less finished homes.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Weal Avenue, Tarragindi QLD 4121
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Tarragindi remains a tightly held, family-dominated Brisbane suburb. Demand is driven by established homeowners and professionals seeking long-term residency. House prices are around $1.65–$1.67 million, with annual growth of 12.1% to 19% depending on source. Houses sell in a median 25–26 days, though one source reports 87 days. The unit market is largely inactive, with a median of $907,500 and only one sale. Rental yields are 2.6% for houses and 4.21% for units, reflecting strong prices relative to rents. High ownership (79% families, 20.6% renting) limits supply and supports price stability. The key risks are reduced unit liquidity and limited supply diversity. Future growth relies on continued professional and family demand.
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PropCred Estimated Value
Comparable Sales: 26 Weal Avenue sold for $2.36M; 18 Weal Avenue sold for $1.62M | Property Price Band: $2.3M–$2.4M | Value Drivers: new construction quality, premium finishes, school catchment location
Bedrooms
4
Bathroom
4
Parking
2
Land
456m²
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