36 Banksia Park Drive, Scarness QLD 4655

3 beds, 2 baths, 1 car | 938sqm in Scarness | 80% owner-occupied street | 2 years on market This property’s strongest buying case is its land-to-building ratio: 938sqm with only 166sqm built, giving a rare opportunity to reconfigure or extend in a suburb where 41% of residents are over 60 and long-term ownership dominates. The 80% owner-occupied street profile signals low turnover and stable neighbourhood character, which typically supports capital preservation. The house suits a buyer seeking a coastal base with school proximity,Kawungan State School is 0.6km,and who values the flexibility to renovate without immediate pressure. The 3-bedroom, 2-bathroom configuration is functional but not premium, making it best positioned for a family or downsizer who prioritises space over finish. The primary risk is the property’s extended listing period of approximately two years, which suggests pricing misalignment with buyer expectations in a market where the Scarness median sits at $672,500. The 0% recent auction clearance rate in the suburb adds caution for auction strategy. However, the 938sqm block in a street with only 2 recent sales among 27 properties represents supply scarcity; buyers who negotiate below the Domain inferred range of $690k-$920k may secure latent land value. Hold as a long-term residential land bank or renovate to align with the 60+ demographic’s preference for single-level, low-maintenance living.