5/137 Welsby Parade, Bongaree QLD 4507

Waterfront position | Rare complex sale | Flood overlay present | Strong recent capital growth This unit occupies a competitively scarce position within a waterfront complex where comparable units have doubled in value within two years. The direct Pumicestone Passage outlook, walkable access to the Bongaree precinct, and proximity to the jetty create a lifestyle-driven demand profile that supports both owner-occupier and holiday rental use. The property suits buyers seeking a tightly held coastal address with proven appreciation rather than a purely passive investment. Parking is secured, and 5G availability adds practical convenience. The flood overlay is the primary structural risk, potentially raising insurance costs and narrowing lender appetite, which may limit exit liquidity. This cost should be quantified before offer. The absence of bushfire or heritage constraints simplifies due diligence. The buyer’s advantage lies in the complex’s recent sales trajectory and the limited waterfront supply in Bongaree. Hold this property for medium-term capital growth or use as a high-yield holiday let; avoid short-term flipping due to overlay friction.