56/116 Albert Street, Goodna QLD 4300
56/116 Albert Street, Goodna QLD 4300
Modern 3-bed townhouse | built 2013 | two-level layout | secure complex with gym and visitor parking | bushfire overlay noted.
This townhouse holds a clear competitive edge for buyers seeking a newer, low-maintenance dwelling in Goodna. The 2013 build, combined with a 144m² lot, places it above the suburb’s older detached housing stock in terms of condition and efficiency. Its three bedrooms, two bathrooms, and single lock-up garage suit first-home buyers, young families, or investors wanting straightforward rental appeal. The complex amenities—gym, children’s play area, visitor parking—add a lifestyle layer rarely found in the area, while the internal-access garage and private courtyard reinforce everyday practicality. Positioned near the train station, shopping centre, and motorway, this townhouse serves commuters well. The two-level layout, with tiled living downstairs and carpeted bedrooms upstairs, offers a clear separation of spaces that many comparable units lack. For a buyer prioritising move-in readiness and rental demand, this property delivers a solid, uncomplicated package.
Value may be shaped by the bushfire overlay, which could affect insurance costs or lender appetite. The parking discrepancy—one garage versus two spaces—might influence perceived convenience, though the complex’s off-street options soften this. Rental returns appear healthy, but the wide gap between estimated and advertised rents suggests actual income should be verified. The property’s mid-$500k sales cluster within the same complex indicates a stable price band, though one outlier sale at $715k should not be taken as a benchmark. Condition, given the fresh paint and modern fixtures, supports a premium over older stock, but the dense townhouse form limits land-based upside. Buyers should weigh these factors against their own financing and holding plans.
|| Comparable Sales: 90/116 Albert Street sold $557,000; 19/116 Albert Street sold $570,000 | Property Price Band: $500K–$600K | Value Drivers: modern condition, complex amenities, location near transport
Detailed Independent Property Report prepared by PropCred Analyst team for 56/116 Albert Street, Goodna QLD 4300
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Goodna is a high-growth outer-suburban market. House values hit a median $725,000 after 19.8% annual growth, while units rose 41.1% to $557,500. Buyer demand is broad: houses sold in a median 15–27 days, with 188 sales over the past year, indicating strong owner-occupier turnover. Rental demand is equally firm—house rents average $550/week and units $500/week, with unit rents up 13.6% and yields at 4.3–4.6%, drawing investor interest. The gap between house and unit growth highlights affordability-driven demand for higher-yielding stock. Future appreciation hinges on sustained rental pressure and ongoing buyer competition. The key constraint is affordability erosion after consecutive double-digit gains, which may dampen demand as values outpace income growth.
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PropCred Estimated Value
Comparable Sales: 90/116 Albert Street sold $557,000; 19/116 Albert Street sold $570,000 | Property Price Band: $500K–$600K | Value Drivers: modern condition, complex amenities, location near transport
Bedrooms
3
Bathroom
2
Parking
2
Land
144m²
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