8-10 Tonga PlaceParkwood QLD 4214
Property Details for 8-10 Tonga Pl, Parkwood
Last Listing description (May 2021)
'University Village' is a fantastic student accommodation complex which generates high yielding rental income of approx $650-$675 per week. Leases. generally end 31st December each year and depending on term break can be empty or part full for the month of January.
This property is opposite the Gold Coast Hospital and Griffith University which is expanding at a rapid rate, along with infrastructure in the immediate vicinity of this complex.
A short walk to the light rail station, which takes you on a 13km journey to Pacific Fair in Broadbeach and also to Helensvale which you can easily connect to the heavy rail to Brisbane. My Brisbane seller is selling this prized positively geared investment property due to her son completing his studies this year at Uni after a three year course. Here is your opportunity to scoop this property up and add another one to the portfolio and have this one paying itself off with money left in the kitty. The owner will consider a longer settlement due to the timing of the lease expiry and when students start back.
* Spacious three bedrooms/three bathrooms - all ensuited bedrooms
* Fully furnished ground floor unit of two storey walk up, close to pool & front gate
* Large kitchen - s/steel appliances, plenty of bench space & ample cupboards
* Expected income of approx $650 - $675 per week rental returns.
* Body Corp approx. $82 per week. Complex approx. 18 yrs old
* Excellent investment property with high returns....Do NOT miss out!!
* Centrally located to largest university on the GC, within walking distance to shops, transport, parks and short drive to M1
* Council rates - $885 per 6 months. Water rates - $355 - per 3 months approx.
For further information or to arrange an inspection, please call Michael Elliss on: 0402 858 174
Property History for 8-10 Tonga Pl, Parkwood, QLD 4214
- 22 Dec 2020Listed for Sale $310,000
- 25 Sep 2018Listed for Sale $299,000
- 06 Jul 2018Listed for Sale Offers Over $299,000
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About Parkwood 4214
The size of Parkwood is approximately 5.6 square kilometres. There are 7 parks, covering nearly 20.3% of the total area. The population of Parkwood in 2016 was 8702 people. By 2021 the population was 8837 showing a population growth of 1.6% in the area during that time. The predominant age group in Parkwood is 20-29 years. Households in Parkwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkwood work in a professional occupation.In 2021, 68.60% of the homes in Parkwood were owner-occupied compared with 66.90% in 2016.
Parkwood has 3,116 properties. Over the last 5 years, Houses in Parkwood have seen a 76.29% increase in median value, while Units have seen a 80.92% increase. As at 31 July 2026:
- The median value for Houses in Parkwood is $1,377,618 while the median value for Units is $743,072.
- Houses have a median rent of $930 while Units have a median rent of $730.
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