15 Boongala TerraceMaroochydore QLD 4558
Property Details for 15 Boongala Tce, Maroochydore
15 Boongala Tce, Maroochydore is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 655m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (November 2021)
One of the most unique offerings on the market today, this block of 5 units is set on a 655m2 block close to local shopping and just a stone's throw to schools ensuring an ever-increasing demand from tenants.
The complex consists of 2 x 2 bedroom, 1 bathroom apartments and 3 x 1 bedroom, 1 bathroom apartments which are all currently tenanted.
Currently the total return in place is $1,410.00 per week however some long-term leases can readily be re-assessed providing a greater return going forward.
With record low interest rates and a strengthening Coast property market, this rare offering provides a fantastic opportunity to secure a cash positive investment in a genuinely blue-chip location.
There are four fully secure lock up garages on site as well as additional off-street parking available for tenants.
Whether you are looking for an income generator to help fund your retirement or an increasing income for your self-managed superfund, this really is a unique offering.
Current Leases in place are-
* Unit 1 2 bed, 1 bath leased at $285pw through to August 2022
* Unit 2 2 bed, 1 bath leased at $360pw periodic tenancy
* Unit 3 1 bed, 1 bath leased at $235pw through to February 2022
* Unit 4 1 bed, 1 bath, leased at $250pw through to April 2022
* Unit 5 Studio apartment leased at $280pw through to November 2021
With massive rental demand across the Coast and a vacancy rate of less than 0.55% at the current time, you can rest assured of ever increasing rental demand in a one of the key growth areas of South East QLD.
Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes
Property History for 15 Boongala Tce, Maroochydore, QLD 4558
- 14 Oct 2021Sold for $1,325,000
- 14 Sep 2021Listed for Sale UNDER CONTRACT/OFFER
- 14 Apr 2018Sold for $948,000
Recent sales nearby
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About Maroochydore 4558
The size of Maroochydore is approximately 12.6 square kilometres. There are 31 parks, covering nearly 17.0% of the total area. The population of Maroochydore in 2016 was 16800 people. By 2021 the population was 20629 showing a population growth of 22.8% in the area during that time. The predominant age group in Maroochydore is 60-69 years. Households in Maroochydore are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Maroochydore work in a professional occupation.In 2021, 53.20% of the homes in Maroochydore were owner-occupied compared with 49.00% in 2016.
Maroochydore has 15,051 properties. Over the last 5 years, Houses in Maroochydore have seen a 56.52% increase in median value, while Units have seen a 75.48% increase. As at 30 April 2026:
- The median value for Houses in Maroochydore is $1,291,278 while the median value for Units is $1,021,535.
- Houses have a median rent of $830 while Units have a median rent of $700.
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