3/24 Ferguson Avenue, Bongaree QLD 4507

Flood overlay | 2‑bed only | quiet complex trade‑off | $530‑$595k range The property sits in a flood‑moderated area which may limit financing options and push insurance costs above comparable units, effectively reducing net yield by 3‑5% for a landlord or adding $800‑$1,200 annually to an owner‑occupier’s holding costs. The quiet complex and low‑maintenance layout offer stability for a first‑home buyer or downsizer, but the unit lacks the growth drivers of larger apartments or houses in Bongaree — this is a hold‑and‑use property for steady cash flow or long‑term occupancy, not a flip. Its competitive edge is the sub‑$600k entry point in a solid school catchment with reliable NBN, which makes it rare for budget‑conscious families or investors seeking consistent tenant demand from the Bribie Island workforce. The floor‑plan and garage appeal to single professionals or couples who value security over space. For a buyer ready to proceed, request a flood history report from council and compare the current $550‑pw rental against three recent leases in the same block to confirm net return before exchanging.