20 Fitzgerald St, East Innisfail is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1940. The property has a land size of 832m2 and floor size of 87m2.
This block of four 2 bedroom plus office units have been freshly renovated and are very appealing with high tenant demand.
Sitting on an elevated 832 sqm block well away from any flooding issues and with most apartments catching a view of the river but all of them certainly getting the cooling breeze off the water. Add to this the very close proximity to the town centre (two blocks) and it is very easy to understand why these apartments are so sought after as rental propositions.
Built from double brick with some timber inserts the quality of the build has stood the test of time. Believed to have been built in the 1940's they have shrugged off 4 cyclones without budging an inch. It is fair to assume that they will see out another 100 years.
New flooring, paint, kitchens and bathroom renovations have brought the apartments up to a very high standard and being built in an era when bigger was better the apartments are much much more spacious than there contemporary rivals. What it also offers is plenty of outdoor greenspace for the tenants to enjoy, something that is rare in newer developments.
With a gross revenue of $66500 you end up with a return after rates of approx. 6.5%.
Very hard to beat in a real estate market which is just being dicovered by Southern buyers and is seeing excellent growth both in capital values and population.
Contact Michael Skuse
The size of East Innisfail is approximately 1.4 square kilometres. There are 4 parks, covering nearly 8.6% of the total area. The population of East Innisfail in 2016 was 1855 people. By 2021 the population was 1757 showing a population decline of 5.3% in the area during that time. The predominant age group in East Innisfail is 10-19 years. Households in East Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Innisfail work in a labourer occupation.In 2021, 56.60% of the homes in East Innisfail were owner-occupied compared with 56.50% in 2016.
East Innisfail has 903 properties. Over the last 5 years, Houses in East Innisfail have seen a 109.27% increase in median value, while Units have seen a 110.97% increase. As at 31 August 2026:
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