Queensland

3 bed, 2 bath, 1 car, 307 m², House
Local area · ABS 2021
Families · 4,669 pop · Renters
- Purchase price
- $571,000
- Current value
- $655,000
- Capital growth
- 14.71%
- Cash on cash
- 98.82%
Purchased in 2025, this 3 bedroom, 2 bathroom home in QLD was secured for $571,000, offering accessible entry into one of North Queensland's largest and most economically diverse regional cities.
Currently achieving $553 per week in rent, the property delivers a gross rental yield of 5.04%, supported by sustained demand from families, defence personnel, and essential services workers across the broader region.
Set in an established residential area with close access to schools, parks, shopping, and key road connections, the property benefits from a resilient local economy anchored by defence, healthcare, education, and logistics. The area draws a broad and consistent tenant base from across the city's diverse workforce.
Value growth
Aug 2025–May 2026
Equity gained
+$84,000
Purchase breakdown
- Date purchased
- Aug 2025
- Date of value
- May 2026
- Stamp duty
- $21,078
- Deposit
- $68,520
- Solicitor cost
- $2,000
- Pest and build
- $700
Returns
- Equity gained
- +$84,000
- Capital growth
- 14.71%
- Cash on cash return
- 98.82%
- Weekly rent
- $553
- Equity growth
- 84000%
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