36 Loretta Avenue, Woree QLD 4868
36 Loretta Avenue, Woree QLD 4868
3-bed duplex|703m² block|rent $600/wk|bushfire overlay|school catchment
The property is configured as a 3-bedroom duplex on a substantial 703-square-metre block, a characteristic that is considered unusual in this market segment. Its indicated rental return is positioned at the suburb’s benchmark for 3-bedroom dwellings, which suggests dependable tenant interest. The property is placed within established school catchments, adding family-oriented appeal. For an investor, the duplex format is expected to generate consistent rental coverage, while owner-occupiers gain from a manageable footprint and a large outdoor area. The current listing style and basic 1-bathroom layout are best matched to value-conscious buyers.
The bushfire overlay may impact insurance premiums and future development options, which should be weighed when forming a view on price. The single bathroom might limit appeal for larger families, while the overall size and layout are considered suitable for a range of tenants or buyers. The property’s value may be supported by its land component, as the 703-square-metre lot is larger than the dwelling’s footprint suggests. Market timing and buyer demand for duplexes in this corridor might also influence the final figure.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Loretta Avenue, Woree QLD 4868
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Woree, in the Cairns region, is positioned as an affordable alternative to southern capitals, with a strong investor presence drawn to yields and relative prices. Houses have risen sharply—medians range from $610,000 to $675,000—with annual growth around 20–22% in recent data, though the pace softened to 7.62% in the year to July 2025. Units are cheaper, with medians around $245,000–$280,000 and growth between 7.9% and 23.89%. Homes trade quickly, in roughly 19–21 days. Rental demand is firm: gross yields are 4.8–5.4% for houses and 6.3–8.2% for units. The Cairns tourism rebound and low inventory continue to support prices, while a 468-unit affordable housing project signals supply response. However, building approvals still lag need, and sustained price growth is testing affordability in a market reliant on mortgage-holders.
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PropCred Estimated Value
Comparable Sales: a 3-bed duplex on 700m² block sold for $540K; another 3-bed duplex with similar spec sold $552K | Property Price Band: $500K–$600K | Value Drivers: land size, duplex layout, rental return
Bedrooms
3
Bathroom
1
Parking
2
Land
703m²
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