3/16 Thelma Street Kingaroy QLD 4610

Tenant locked until Jul 2026 | Body corporate nearly 1% of list price | No flood or bushfire risk | Not a top-tier school catchment The decision hinges on the tenant’s long-term lease and the body corporate costs. The tenant pays $451 per week, while the body corporate consumes roughly $73.50 per week, leaving a net income of about $377.50 before other costs. This is a buy-and-hold position, not a quick flip; the fixed income stream offers security, but the annual outlay on levies must be factored into any yield calculation. The unit’s competitive strength is its secure, corporate tenancy with renewal options, reducing vacancy risk in a regional market. The 101m² internal area with a private courtyard is generous for a two-bedroom unit. This property suits an investor seeking passive, low-touch holding in a stable regional economy, rather than a capital growth play. The next move is to confirm the tenant’s corporate stability and the body corporate’s sinking fund balance, as these will define the net return beyond 2026. The 2011 and 2022 sales show a flat price trajectory, but the current rental return at $451 per week offers a yield near 7% on the list price, exceeding the local median for units, which supports the case for income-focused buyers.