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Overview
This unique duplex investment opportunity at 1 & 2/70 Banksia Avenue presents a versatile asset, offering two separate, well-sized units on a single title. The property's design delivers absolute privacy and autonomy with two independent dwellings, each providing two bedrooms, one bathroom, and dedicated single car accommodation. This configurational efficiency translates to dual rental incomes from one consolidated property, simplifying ownership and management for investors.
Situated on a substantial 802 sqm block in the established Andergrove suburb, the combined rental return of $1,040 per week (currently tenanted at $520 per unit) establishes a compelling gross yield around 6.36%, enhancing its appeal as a reliable income-producing asset.
Both units are well-suited to meet demand within the local rental market, targeting tenants seeking practical and comfortable 2-bedroom accommodations with convenient parking. The absence of body corporate fees further reduces holding costs and long-term administrative responsibilities.
Positioned close to essential amenities — including schools, shopping options, and services — with easy access to Mackay CBD and neighboring suburbs, this property ticks boxes for investors prioritizing location, rental yield, and operational simplicity.
- Two fully independent 2-bedroom, 1-bathroom units on one title
- Combined dual income stream from secure tenancies
- Spacious 802 sqm allotment with no body corporate
- Single car accommodation per unit complements tenant convenience
- Strong rental yield in a sought-after rental precinct
- Close to local amenities and transport links
This offering suits investors seeking streamlined portfolio growth through a duplex asset that maximizes returns while minimizing ownership complexity.
Local Market Insights
In Andergrove, Quiet Listings observed 2 new duplexes entering the market over the last 30 days, down from 14 during the previous 30-day period, with an average advertised asking price of $604,500. The property type mix of listed properties is predominantly Houses at 74%, followed by units (10%), and land (5%). The most active agency for duplexes in the Andergrove area is currently Mackay City Property, representing 50% of new listings, followed by Harcourts with 50%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $849,000 | |
| Offers Over $849,000 |
Location
Market Insights for Andergrove QLD 4740
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