6/26 Illoura Avenue, Bellara QLD 4507
6/26 Illoura Avenue, Bellara QLD 4507
Unit apartment | Bellara coastal setting | Low-rise complex | Compact footprint | Buyer demand steady
This unit sits within a modest low-rise complex in Bellara, a suburb where detached houses dominate and unit stock is comparatively limited. That scarcity works in its favour, as it serves buyers seeking a low-maintenance coastal foothold without the premium attached to waterfront high-rise living. The configuration is compact, typical of smaller strata complexes, and the property is best suited to downsizers, first-home buyers, or investors targeting steady rental demand in a lifestyle-oriented island location. Its value lies in practicality rather than prestige, and the lack of resort-style amenities keeps ongoing costs predictable.
The property’s price may be influenced by its internal condition, floor level, and the quality of the strata complex itself. A well-presented unit with a functional layout could command interest from owner-occupiers, while dated finishes might limit upside. Parking arrangements and the extent of private outdoor space could also shape buyer perception, as these features are often deciding factors in compact units. The flood overlay present in parts of Bellara may warrant attention, though its relevance here is unconfirmed. Buyers should weigh these factors when forming a view on price.
|| Comparable Sales: 2/26 Illoura Avenue sold $680,000; 16 Illawarra Avenue estimated $778,000 | Property Price Band: $600K–$700K | Value Drivers: complex quality, internal condition, parking provision
Detailed Independent Property Report prepared by PropCred Analyst team for 6/26 Illoura Avenue, Bellara QLD 4507
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Bellara, a coastal Queensland suburb, trades at a median house price of $770,000, up 15.36% over the past year; alternate estimates range to $810,000. Units sit at $607,500, with 8.68% annual growth. Demand is investor-led, supported by 4.11% house and 4.17% unit yields and a rental market showing just six vacancies last month. Sales turnover is steady but modest—51 houses and 26 units in the past year—with houses taking a median 42 days to sell, pointing to balanced absorption. Future growth hinges on coastal and waterway amenity. Key constraints: low transaction volumes and inconsistent price data across sources, which temper confidence in the headline growth figure.
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PropCred Estimated Value
Comparable Sales: 2/26 Illoura Avenue sold $680,000; 16 Illawarra Avenue estimated $778,000 | Property Price Band: $600K–$700K | Value Drivers: complex quality, internal condition, parking provision
Bedrooms
2
Bathroom
1
Parking
1
Land
841m²
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