6/7-13 Burrawong Avenue, Bongaree QLD 4507
6/7-13 Burrawong Avenue, Bongaree QLD 4507
2-bedroom townhouse in Bongaree | 83mยฒ with one car space | flood overlay present | 90% owner-occupied complex
The buying case for this property rests on its position within a predominantly owner-occupied complex, which typically signals stable management and lower turnover risk for a buyer. At 83mยฒ with two bedrooms and one bathroom, the configuration is compact but functional for a downsizer or investor targeting the 60-plus demographic that dominates Bongaree. The scheduled inspections and recent listing suggest motivated selling, and the absence of a specified price may allow a buyer to negotiate from a position of strength, particularly given the complex’s high long-term residency rate.
The primary risk is the flood overlay, which may affect insurance costs and resale liquidity, and the property’s small footprint limits its appeal to families. The lack of recent sales data for this unit means comparable values are inferred from nearby units, and the 2010 last sale date offers no current pricing anchor. A buyer should secure a flood risk assessment and factor in higher holding costs. For an investor, the strong owner-occupier ratio supports stable rental demand; for an owner-occupier, this is a low-maintenance entry into a mature coastal suburb. Hold for steady occupancy rather than short-term capital gain.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Bongaree’s property market is characterised by exceptional capital growth, with house values surging 97% over five years and a remarkable 17-23% in the past year alone. This rapid price escalation, alongside a median house price approaching $950,000, signals a high-demand, high-growth environment. Demand is evidenced by brisk sales, with houses averaging just 27 days on market, and stronger performance for larger dwellings. While rental yields are moderate, the suburb’s sustained price momentum suggests robust buyer competition, though this growth trajectory introduces potential affordability constraints for future entrants.