92 Ninth Avenue, Railway Estate QLD 4810
92 Ninth Avenue, Railway Estate QLD 4810
Compact unit | Strong rental demand | Central Townsville | Secure parking included | Flood overlay
A compact unit at this address is positioned within a varied residential street where low-maintenance apartments and larger houses are found side by side. The configuration is best suited to first-home buyers and investors, with manageable upkeep and solid rental demand being retained. Central Townsville proximity, established school catchments, and fast NBN are considered practical advantages. Dedicated parking, courtyard space, air conditioning, and built-in robes are offered as standard inclusions. This unit is not seen as a rare or trophy property, but it is regarded as a dependable, well-rounded option in a stable residential pocket.
Value may be shaped by the property’s flood overlay, a material consideration for insurance and re-sale. Buyer sentiment might be influenced by that exposure. Condition and layout are likely to be the primary price levers: the upper band could be reached by a well-presented unit with private outdoor space, while dated finishes might require remediation. Rental strength should be balanced against insurance costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 92 Ninth Avenue, Railway Estate QLD 4810
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Railway Estate, an inner Townsville suburb, is a tight market with stock at 2.9% versus Queensland’s 5%. Demand comes from investors seeking gross rental yields of 5.27% for houses and 5.97% for units, alongside owner-occupiers attracted by a 12-day average selling time for houses. Median house price is $571,300, up 18.39% annually; median unit price $330,000, up 36.65%. Sales volume remains robust at 111 houses and 29 units in the past year. Future growth is supported by rail-linked transport connectivity and low supply. Key risks include rate sensitivity after rapid price growth and thin affordability data.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: Two-bedroom unit in same street sold for $220k in 2022 | Property Price Band: $400k-$500k | Value Drivers: condition, layout, flood overlay
Bedrooms
4
Bathroom
1
Parking
4
Land
809m²
URL has been copied successfully!