44/40 Old Logan Road, Gailes QLD 4300
44/40 Old Logan Road, Gailes QLD 4300
3/2/1-2 modern townhouse | 2016-17 build | walk to Gailes station | near Camira school catchment | body corp ~$80/wk
This townhouse is placed among the newer, low-maintenance stock in Gailes, with a 2016-17 build that sets it apart from older detached homes. The three-bed, two-bath layout with one to two car spaces serves young families and investors well, especially given its closeness to Gailes Train Station, local amenities, and the Camira State School catchment. The complex is described as quiet and well-kept, featuring fenced courtyards and secure parking, which strengthens its appeal as a turnkey property.
Body corporate fees of roughly $80 per week may impact net returns, though this is typical for a townhouse estate. The land area is reported inconsistently at 81m² or 134m², which might affect valuation depending on how the title is measured. Resale prices may be supported by the modern build and demand from owner-occupiers, but the lack of a confirmed aspect or unique feature could limit upside compared to properties with a private outlook. Nearby infrastructure and school catchments might sustain rental demand, while any changes to body corporate levies or complex maintenance could influence future resale.
Detailed Independent Property Report prepared by PropCred Analyst team for 44/40 Old Logan Road, Gailes QLD 4300
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Gailes, in Ipswich near Old Logan Road, is a small market of 1,831 with a youthful footprint: 28% under 19 and the dominant cohort 20-29. Demand comes from renters at 44% of households, mortgaged owners at 58%, and couples with children at 34%, with labourers the top occupation. House prices have climbed 14-21% annually to a median between $649,000 and $719,000, yet sales volumes are tiny at 13-26 per year. Conditions are tight: vacancy 0.90%, rental stock down 71.4% year-on-year, and houses selling in 17-45 days. Rental yields are modest at 3.6-4.0% on median house rents of $450/week. Growth drivers centre on access to Brisbane via Cross River Rail, but constraints include a high mortgage-dependent buyer base, thin stock, and a -1.59% quarterly listing dip despite the strong yearly trend.
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PropCred Estimated Value
Comparable Sales: Unit 35 sold $580k; Unit 15 sold $490k | Property Price Band: $500k-$600k | Value Drivers: modern condition, functional 3-bed layout, walk-to-station location
Bedrooms
3
Bathroom
2
Parking
1
Land
1.66 ha
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