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Overview
This property presents a low-maintenance, strategic investment opportunity within the coastal suburb of Bargara, appealing primarily to investors seeking stable long-term returns, including those managing a self-managed super fund (SMSF). The modern home features three bedrooms, two bathrooms, and secure parking for two vehicles, catering well to small families or professionals requiring comfortable and functional living spaces.
Situated on a manageable block, the residence balances indoor and outdoor living with practical design considerations. Its layout offers a seamless flow between communal areas, supporting relaxed living and effortless entertaining, while maintaining privacy within the bedroom and bathroom zones. The covered outdoor spaces and additional storage options highlight the property's versatility and appeal for occupants valuing convenience and lifestyle flexibility.
The property's location in Bargara delivers a desirable coastal lifestyle alongside a solid rental market, indicated by an expected weekly rental return of approximately $790. This translates to an attractive gross rental yield of 4.61%, underscoring the investment quality of the home. Such yields are appealing in the current market climate, making this an excellent choice for those focused on consistent income while holding an asset with future capital growth potential.
Overall, 1 Cormorant Court is well-suited to buyers looking to establish a 'set-and-forget' investment with minimal maintenance demands, offering peace of mind and steady earnings. Its combination of size, functionality, and investment metrics makes it especially relevant for SMSF investors reaffirming long-term financial goals aligned with property ownership in a growth corridor.
Local Market Insights
In Bargara, Quiet Listings observed 139 new houses entering the market over the last 30 days, down from 187 during the previous 30-day period, with an average advertised asking price of $876,038. The property type mix of listed properties is predominantly Houses at 78%, followed by units (9%), and land (7%). Ray White was the most active agency in this area, representing 11.2% of all new listings in the last 30 days. 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.
Location
Bargara QLD 4670
Market Insights for Bargara QLD 4670
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