Unit 12/69 Banfield Parade Wongaling Beach QLD 4852

Unit 12/69 Banfield Parade Wongaling Beach QLD 4852
2 bed unit |155m² land |Strong unit growth 30%+ |Rental yield ~7% | Median $335k peers. This two-bedroom unit on a 155sqm block suits downsizers or investors seeking low-maintenance coastal living with beach proximity. Its compact land size offers practical courtyard space without the upkeep of larger lots, ideal for relaxed tropical lifestyles. In a market where units have seen 29-35 day sell times amid 28-35% growth, this property aligns with quick turnover trends for similar two-beds at $335k median. Beachfront parade positioning enhances appeal for lifestyle buyers prioritizing walk-to-water access over expansive grounds. Investors find attraction in the 6-7% yields from $400 weekly rents, outpacing houses. Within the street’s unit complex context, it holds steady value as established stock amid rising build costs. Long-term, limited supply of such sized units near amenities underpins holding appeal for steady capital gains. Similar properties perform reliably, benefiting from regional demand without house price volatility. This setup positions it well for buyers valuing efficiency over scale in a tightening coastal market.
Detailed Independent Property Report prepared  by PropCred Analyst team for Unit 12/69 Banfield Parade Wongaling Beach QLD 4852
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Market Insight:

Wongaling Beach’s demand is driven by its tropical beachside lifestyle and tourism economy, with strong interest from retirees, lifestyle buyers and short?stay investors seeking Mission Beach access. Buyers are attracted by solid rental yields and recent capital gains, while risks include cyclone/flood exposure, seasonal tourism reliance and limited local employment that can constrain sustainable growth. Price-wise the market is broadly higher year?on?year with double?digit 12?month gains for houses and units, though quarterly data show a modest plateau or slight pullback in the most recent months — so stronger annually but more stable over the past 3–6 months.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

155m²

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