16 Schultz St, Kearneys Spring is a 4 bedroom, 2 bathroom BlockOfUnits with 2 parking spaces. The property has a land size of 640m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 4 bedroom BlockOfUnits sold in Kearneys Spring in the last 12 months.
Presenting a solid investment opportunity, this well-maintained duplex offers immediate returns with one current tenants already in place on a Periodic Lease at $250 pw, current appraisal at $390 - 410 pw. eligible for increase now.
Positioned in a quiet street, the property enjoys a convenient location within close proximity to a Toowoomba Kmart Plaza and West Ridge Shopping Centres, public and private schools and UniSQ, ensuring ongoing tenant appeal.
Property Features:
An excellent entry-level investment offering affordability, stability, and future growth potential.
Rental Appraisal: Unit 1 is currently vacant, while unit 2 is rented for $250 per week. We believe this property could achieve between $390 - $410 per unit per week. This is based on current market conditions without viewing the property.
Auction: Wednesday 18th March at 6:00pm
In Office - Elders Real Estate, 618 Ruthven Street, Toowoomba
Bidding also available via Live Stream Digital Platform available through the Toowoomba Auction Centre Website.
https://www.auctioncentre.com.au/view-by-agent/24658
Auction Term:
5% Deposit
30 Days Settlement
Contact Elders Real Estate Toowoomba, Murray Troy on 0400 772 210 or Jacque Fulton 0418 744 705 to arrange your inspection today.
Convenient Location:
- Westridge Shopping Centre
- Kmart Plaza
- University of Southern Queensland
- Toowoomba CBD
School Catchment:
- Prep to Year 6: Darling Heights State School
- Year 7 to Year 12: Harristown State High School
Property Rates:
- Approximately $2073.93 net per ½ yearly
- Water Infrastructure Charge: Approximately $377.40 net per ½ yearly + consumption
Additional Information:
- Local Government Area: Toowoomba Regional Council
- Real Property Description: Lot 92 RP194935
- Allotment Size: 640m²
Advertising Disclaimer:
While we have taken great care to provide accurate information, we deny liability for any errors, omissions, inaccuracies, or misstatements that may appear. Prospective purchasers are encouraged to independently verify all details before making any decisions.
Important Note Regarding Auctions:
This property is being offered for sale by auction without a listed price. In accordance with Queensland legislation, no price guide can be provided. Property websites may display a price range or place the property within a price bracket for search and filtering functionality only. This is automatically generated and is not an indication of value or seller expectations.
The size of Kearneys Spring is approximately 6.5 square kilometres. It has 22 parks covering nearly 15.1% of total area. The population of Kearneys Spring in 2016 was 8552 people. By 2021 the population was 9419 showing a population growth of 10.1% in the area during that time. The predominant age group in Kearneys Spring is 30-39 years. Households in Kearneys Spring are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kearneys Spring work in a professional occupation.In 2021, 52.20% of the homes in Kearneys Spring were owner-occupied compared with 49.10% in 2016.
Kearneys Spring has 4,936 properties. Over the last 5 years, Houses in Kearneys Spring have seen a 112.26% increase in median value, while Units have seen a 134.24% increase. As at 28 February 2026:
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