8/64-68 Reid Road, Wongaling Beach QLD 4852
8/64-68 Reid Road, Wongaling Beach QLD 4852
Boutique complex of nine | 149mΒ² internal living | Private pool and spa | Two car spaces | No overlays
This unit presents a rare configuration for the area, combining apartment convenience with house-like space and private resort amenities. The 149 square metre internal area is significantly larger than typical units, and the complex’s small scale of nine apartments offers a level of exclusivity and privacy uncommon in coastal markets. It best serves a buyer seeking a low-maintenance lifestyle property or a premium holiday rental, with its two car spaces and expansive living area providing practical advantages over standard stock.
The primary financial risk is the yield compression; the estimated rental return sits around 3%, which may not cover holding costs for an investor relying on debt. The opportunity lies in securing a property with above-average finishes and amenities in a boutique setting, which should command a resilience in both capital growth and rental demand compared to generic, high-density alternatives. This property is a hold for lifestyle use with investment as a secondary consideration, not a high-yield rental play.
Recent comparable sales data is limited, but an estimated value of $823,000 for 67 Reid Road provides a directional benchmark. This suggests the subject property’s listing range is positioned competitively within the immediate locale, though direct comparison is constrained by differing property types.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Wongaling Beach is positioned as a coastal lifestyle destination, with demand driven by retirees and investors attracted by strong capital growth and high rental yields. Recent price trends show robust annual appreciation, particularly for units, supported by tight supply and low vacancy rates. Future growth is underpinned by tourism proximity and rising rental demand, though affordability constraints and limited sales volume present key market risks.