83 Palmerston Drive, Goondi Bend, QLD 4860 | Unit for sale | OnTheHouse
 
FOR SALE
$465,000

83 Palmerston Drive
Goondi Bend QLD 4860

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
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Dual-Income Duplex on Over 1,700m² – Immediate Returns with Upside

Set in one of North Queensland’s tightest rental markets, this solid two-storey duplex offers the kind of investment buyers are always chasing — immediate income, long-term growth potential, and clear scope to improve returns further.
Built from low-maintenance concrete block construction, the property comprises two spacious 3-bedroom, 1-bathroom units, both currently tenanted and already producing a combined rental income of $725 per week.
The Investment
The downstairs unit has recently been renovated and presents well, featuring a modern kitchen and tiled flooring throughout. This unit is currently returning $420 per week.
The upstairs unit is currently returning $325 per week and offers clear potential to increase the rent to around $420 per week with similar upgrades to the downstairs unit.
With both units already leased, the property provides immediate rental income from day one, while still offering a strong value-add opportunity for the future.
The Opportunity
Sitting on a generous allotment of over 1,700m², there may also be potential for further development or additional improvements, subject to council approval. This gives the property an extra layer of long-term upside beyond the current rental return.
Location
Positioned in Goondi Bend, just minutes from schools, shopping, local services and the Innisfail CBD, the duplex is well located for tenants and well placed to remain a strong long-term rental investment. With rental properties still in high demand across the Cassowary Coast Region, this is a practical and reliable addition to any portfolio.
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Property Details for 83 Palmerston Dr, Goondi Bend

83 Palmerston Dr, Goondi Bend is a 6 bedroom, 2 bathroom Unit with 2 parking spaces. The place is currently for sale with Newton Property Group.

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About Goondi Bend 4860

The size of Goondi Bend is approximately 2.5 square kilometres. There are 2 parks, covering nearly 2.5% of the total area. The population of Goondi Bend in 2016 was 594 people. By 2021 the population was 570 showing a population decline of 4.0% in the area during that time. The predominant age group in Goondi Bend is 10-19 years. Households in Goondi Bend are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Goondi Bend work in a labourer occupation.In 2021, 63.20% of the homes in Goondi Bend were owner-occupied compared with 61.80% in 2016.

Goondi Bend has 308 properties. Over the last 5 years, Houses in Goondi Bend have seen a 117.90% increase in median value, while Units have seen a 121.47% increase. As at 30 June 2026:

  • The median value for Houses in Goondi Bend is $398,635 while the median value for Units is $424,687.
  • Houses have a median rent of $270.
There are currently 5 properties listed for sale, and no properties listed for rent in Goondi bend on OnTheHouse. According to Cotality's data, 13 properties were sold in the past 12 months in Goondi bend.

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Krystal Newton
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Newton Property Group
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