6 Parker Road Cannonvale QLD 4802

6 Parker Road Cannonvale QLD 4802
4-bedroom house | 660mยฒ lot | Cannonvale catchment | FTTP and 4G | study and dual living potential This property offers a rare combination of scale and configuration for the Cannonvale market. The 234mยฒ floorplan with four bedrooms, a study, and an ensuite provides genuine separation of spaces, which is competitively scarce in this price segment. The dual living potential from the balcony, deck, and separate outdoor entertainment area strengthens its appeal to families or buyers seeking multi-generational use. Positioned within the Cannonvale State School catchment and close to Whitsunday Christian College, the house serves owner-occupiers prioritising schooling and long-term neighbourhood stability, supported by a 59% long-term resident share. The primary risk is the 2018 purchase date, which suggests limited recent renovation and potential deferred maintenance costs for a buyer. The absence of flood or bushfire overlays reduces insurance exposure, a meaningful advantage in North Queensland. Commercial logic favours holding for capital growth driven by school demand and constrained supply in the 600mยฒ+ lot segment. Use this property as a long-term family home with optional rental income from the study or secondary living zone.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Cannonvale is a high-growth coastal suburb with a young, trades-oriented demographic and 52.7% owner-occupancy. Demand is driven by lifestyle buyers and a tight housing supply, with population growth of 15.4% over five years. House prices, around $850k, have grown over 14% annually, while units have surged over 23%, supported by strong rental yields near 6%. Future growth is underpinned by significant regional investment and master-planned communities, though risks include a persistent undersupply of houses and uneven unit market performance.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

660mยฒ

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