85 Macmillan Street, Ayr QLD 4807
85 Macmillan Street, Ayr QLD 4807
Dual-income duplex | CBD-fringe position | 931 m² land | No body corporate | Fully tenanted at $740/week
This is a genuinely uncommon offering for central Ayr: two self-contained two-bedroom units on one title, each with its own tenant and lease, producing a combined $740 per week without the overhead of a body corporate. The position, one street off Queen Street, puts it within walking distance of the town’s commercial core and schools, which supports steady rental demand from both local workers and families. For an investor seeking immediate cash flow with minimal management layers, this layout is the standout — two incomes from one property, with land size that leaves room for future repositioning if the market shifts. It suits a buyer comfortable with tenanted stock and looking for yield over renovation potential.
The value here hinges on how the dual-income structure is priced against single-house sales in the area, which typically trade lower. The land size and central location may support a premium, but the absence of car accommodation and the older construction era might temper that. Rental growth appears scheduled into 2026, which could improve income certainty, yet maintenance across two units will require coordination. The auction process may draw investor competition, but buyer depth in a small regional town could be limited, so price discovery may take time.
|| Comparable Sales: 94 Macmillan Street sold $330k; 116 Macmillan Street sold $340k | Property Price Band: $400k–$500k | Value Drivers: dual-income configuration, 931 m² land, CBD proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 85 Macmillan Street, Ayr QLD 4807
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Ayr, an hour south of Townsville, is a key service hub drawing young families seeking affordable housing and a strong community ethos. House medians sit around $350,000–$390,000 depending on the data source, with annual growth ranging from 16.4% to 29.6%. Units are cheaper at a $289,000 median sale price and grew 44.5% over the past year. Houses sell in roughly 38 days, with gross rental yields of 6.26% for houses and 6.44% for units. The local economy is anchored by agriculture, the sugar cane industry, and small businesses, while prospective transport upgrades and proximity to schools underpin values. Key risks centre on potential oversupply and limited nightlife that could deter younger demographics.
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PropCred Estimated Value
Comparable Sales: 94 Macmillan Street sold $330k; 116 Macmillan Street sold $340k | Property Price Band: $400k–$500k | Value Drivers: dual-income configuration, 931 m² land, CBD proximity
Bedrooms
4
Bathroom
2
Parking
-
Land
931m²
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