50/164-172 Wellington Street, Ormiston QLD 4160

3-bed townhouse in Ormiston Manor | dual resort pools with no rear neighbours | walking distance to Ormiston State School | strong rental yield for southeast Brisbane corridor. This property’s competitive edge lies in its configuration within a well-managed complex — the absence of adjoining neighbours at the rear and dual resort pools are rare for a townhouse in this price band, giving it a semi-detached feel that typically commands a premium in Ormiston. The secure gated entry with CCTV and on-site manager reduce owner-occupier friction, making it suitable for professionals or downsizers who prioritise low-maintenance living near good state schooling. The rental appraisal of $750 per week against a $976 quarterly body corporate suggests net yield is workable, but the key buyer advantage is the 159 m² lot with private outdoor space front and back, which is undersupplied in this complex type. The primary risk is the 2007 purchase history and current asking price above estimated value — this signals potential overhang if the market softens, and the body corporate levy is not trivial for a townhouse of this size. However, the 14.1% suburb growth and 3.2% rental yield provide a buffer; a buyer should negotiate firmly toward the $772,000 estimate, using the 2007 entry as leverage. The FTTP NBN connection supports remote work but is not a dealmaker. Hold this property for medium-term capital growth tied to Ormiston’s school catchment and population aging, or rent it out at $750 per week for a stable 4.5% gross yield after costs.