9 Silver Gum Drive, Andergrove QLD 4740
9 Silver Gum Drive, Andergrove QLD 4740
Flood overlay present | older conversion may limit flexibility | rumpus room adds usable space | strong rental yield compared to recent sale nearby
The flood overlay introduces a specific risk: it may increase insurance costs and narrow the pool of future buyers, effectively compressing long-term capital growth potential relative to properties without this designation. The converted garage to rumpus room is a practical opportunity, offering extra living area without the cost of a new build, but it reduces undercover parking, which could matter to some buyers. This property is best held as a solid rental given its yield advantage, not as a high-growth play for flipping.
What makes this house competitive is the combination of a large covered outdoor area, fresh finishes, and a 1.5-bay shed, rare features in this price bracket that improve livability and storage. The school proximity and tree-lined street appeal to families seeking convenience, and the higher estimated rental return compared to the comparable sale at 20 Silver Gum Drive signals a stronger income position. For a buyer focused on steady cash flow over short-term gains, this justifies a closer review of insurance terms and a careful inspection of the rumpus room conversion quality.
Comparable sale at 20 Silver Gum Drive, similar lot and build, sold in Feb 2026 for $627,500, 7% below its estimated value, reinforcing that market pricing here is tight and this listing’s rental estimate offers a premium yield.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Silver Gum Drive, Andergrove QLD 4740
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Andergrove is a family-oriented suburb within Mackay’s robust regional economy, attracting lifestyle buyers and interstate investors seeking relative affordability. Demand is driven by strong rental fundamentals and migration from southern capitals, creating a competitive market with low inventory. Recent price growth has been significant, supported by ongoing infrastructure investment and the region’s economic base. Future growth is underpinned by these drivers, though a moderated pace is anticipated, with tight supply and rental yields below the state average presenting key considerations.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
806m²
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