35 Waugh Street, Urangan QLD 4655
35 Waugh Street, Urangan QLD 4655
Bushfire overlay detected | 7 days on market | no sales history beyond 2020 | rental yield approximately 4.2%
The bushfire overlay introduces a specific insurance cost and potential lender scrutiny that must be quantified before proceeding. The absence of recent comparable sales on this street weakens price discovery, meaning the buyer bears the risk of overpaying by several percent. The 2021 build quality and hybrid timber flooring are genuine differentiators that reduce ongoing maintenance costsβthis is a hold-and-occupy property, best used as a primary residence where the owner can capture the lifestyle amenities and avoid vacancy risk.
Competitively, this house is rare for its balance of a 571mΒ² lot with side access for a boat or caravan in a coastal suburb where median land sizes are shrinking. The single-storey layout and low-maintenance landscaping suit a downsizer or young family who want immediate occupancy without renovation. For an investor, the 4.2% gross rental yield is below Urangan’s 12-month median, meaning capital growth must be the primary return driver. Request a bushfire hazard assessment and cross-reference the latest Urangan sales data before making an offer.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Urangan’s property market is characterised by strong house price growth, with median values between $725k and $763k and annual gains of 7.7% to 16.95%, indicating robust demand. This demand is primarily driven by the rental market, where weekly rents for houses have increased by up to 8.3%, reflecting high tenant competition. However, a key constraint is emerging buyer caution, evidenced by houses taking 21 to 63 days to sell, suggesting a more measured market pace despite the upward price momentum.