89/17 Buccaneer Drive, Urangan QLD 4655

89/17 Buccaneer Drive, Urangan QLD 4655
2 bed unit | 170m² | Buccaneer Drive | strong complex sales growth | no overlays This unit offers a rare combination of generous internal space and strong complex sales performance, with recent comparable units showing annual growth between 4.73% and 16.23%. The 170m² building size is unusually large for a two-bedroom apartment, giving it a floor plan advantage over most nearby listings. Positioned in a 68% owner-occupied suburb with no detected bushfire or flood overlays, it serves best a buyer seeking a low-risk residential holding with proven capital growth within the complex. The primary risk is the absence of recent sales history for this specific unit, meaning its individual condition and internal presentation remain unverified. However, the complex’s tenure distribution shows 30% held under three years, suggesting active turnover that may create negotiation opportunities. The broadband connection is fibre to the node rather than fibre to the premises, which is adequate but not a prime value driver for most buyers. A qualified building inspection is recommended before proceeding.
Detailed Independent Property Report prepared  by PropCred Analyst team for 89/17 Buccaneer Drive, Urangan QLD 4655
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk
Execution Risk ! 1
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Market Insight

Urangan’s property market is characterised by strong house price growth, with median values between $725k and $763k and annual gains of 7.7% to 16.95%, indicating robust demand. This demand is primarily driven by the rental market, where weekly rents for houses have increased by up to 8.3%, reflecting high tenant competition. However, a key constraint is emerging buyer caution, evidenced by houses taking 21 to 63 days to sell, suggesting a more measured market pace despite the upward price momentum.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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