34/48 Pengam Street, Kuraby QLD 4112
34/48 Pengam Street, Kuraby QLD 4112
Compact 3-bed townhouse | 242m² lot | Stable owner-occupied complex | Flood and bushfire overlays | Strong rental demand
This townhouse is positioned as a compact, low-maintenance dwelling within a small mixed estate of 16 townhouses and 2 houses. Its 3 bedrooms and 2 bathrooms are suited to first-home buyers, downsizers, and investors looking for an easy-care footprint. The absence of a heritage overlay is combined with access to established public school catchments, which is added to the property’s practical family appeal. A stable tenure pattern is recorded for the building, with an average owner-occupier stay of six years, which is suggested as a community-oriented rather than transient environment. The 242m² lot is held as a manageable size while private outdoor space is provided. For a buyer targeting the south-east Brisbane corridor, a straightforward entry point is offered by this property, with predictable demand from both renters and future owner-occupiers.
Insurance and risk may be affected by flood and bushfire overlays, with an overland flow flood planning area noted. The configuration is expected to track the local market. Condition and presentation are regarded as decisive; price may be supported by a strong interior, but it may be limited by dated finishes. Upside may be limited by the compact lot and shared complex.
>> Comparable Sales: 33/48 Pengam Street sold $338,000; 45/48 Pengam Street sold $360,000 | Property Price Band: $700,000–$800,000 | Value Drivers: condition, layout, location within complex
Detailed Independent Property Report prepared by PropCred Analyst team for 34/48 Pengam Street, Kuraby QLD 4112
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Kuraby, in Brisbane’s south, combines commuter access via major roads and train stations with a resident base averaging 36 years, where 54% of owners hold mortgages. Demand comes from investors and homeowners, evidenced by 61 sales above $1m out of 108 total properties traded. House prices grew 14.46–18.5% annually, reaching medians of $1.425m–$1.505m, while units sit near $650k. Houses sell in a median 24 days, indicating tight market conditions. Rental yields are modest for houses at 3.18% but stronger for units at 4.76%, with weekly rents at $720 and $600 respectively. Future growth rests on infrastructure works in surrounding areas and ongoing commuter demand. Key risks include affordability constraints from elevated house prices, rate sensitivity given the high mortgage prevalence, and supply tightness inferred from limited turnover volume.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
242m²
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