47 Narelle Cres, Rochedale South QLD 4123
47 Narelle Cres, Rochedale South QLD 4123
3 beds, 2 baths, 2 parks on 607m² | Strong street with 85% owner-occupiers | No fixed price, recent comparable at $925k | 0.3km to primary school, no bushfire risk
The property’s primary competitive advantage lies in its street profile—85% owner-occupied, with only 15% renters—which signals low turnover and a stable, family-oriented enclave. The 607m² lot in Rochedale South, where the median house price is $1.02m and auction clearance sits at 82%, positions this house as a well-configured entry point for buyers seeking a detached home in a tightly held market. The two-level layout with air-conditioning throughout and proximity to Springwood Road State School (0.3 km) makes it most suitable for families or investors targeting long-term owner-occupier demand.
The principal risk is the absence of a fixed price, which may indicate seller expectations above the $925k comparable at 59 Narelle Crescent—a 10-year hold with 7.67% annual growth. The 2017 purchase date suggests the current owner has held for roughly 8 years, potentially limiting their cost base and willingness to negotiate. However, the 12.09% annual growth on 30 Narelle Crescent over 7 years demonstrates strong capital appreciation in the immediate street. The opportunity is to use the 9 May inspection to gauge seller motivation and compare against the $1.171m lot-based estimate from property.com.au. Hold this property for its land value and school catchment positioning; it is a long-term family hold or a stable rental yielding approximately 4.70% based on local comparables.
Detailed Independent Property Report prepared by PropCred Analyst team for 47 Narelle Cres, Rochedale South QLD 4123
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Rochedale South is a family-oriented Logan suburb with strong capital growth, driven by owner-occupiers and investors. House prices have surged 12% annually, while unit growth exceeds 18%, fueled by high sales volumes and tight rental conditions with a 0.84% vacancy rate. Future demand is supported by solid infrastructure, though high mortgage exposure and price points near $1.08 million present affordability and interest rate sensitivity risks.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
609m²
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