6-10 Whites RoadPetrie QLD 4502
Property Details for 6-10 Whites Rd, Petrie
6-10 Whites Rd, Petrie is a 2 bedroom, 2 bathroom Unit with 6 parking spaces and was built in 2019. The property has a land size of 2026m2 and floor size of 64m2.
Last Listing description (January 2022)
A rare opportunity for the astute investor to capitalise on one of the fastest growing markets in Australia. Construction is complete, the retail spaces on the ground floor are being filled and very few residential units are vacant.
The property: The Developer is ready to move forward to another project and has enlisted Ray White Commercial Northern Corridor Group to present five, two bedroom units all of which are well appointed and completed with top of the line fixture and fittings including air conditioning. All five units are tenanted or have twelve month rental guarantees attached to them. Each unit is a generous 74m2 and comes with an exclusive & secure car space. The building itself comprises twenty four two bedroom units and five retail units facing Whites Rd. An internal lift and staircase connects the foyer to the upstairs dwellings.
The numbers: Lease them as whole units or capitalise on the location. Petrie Station and the new multi million dollar University of the Sunshine Coast campus are located at the end of the road providing the perfect opportunity to lease the rooms individually as university accommodation. The current setup will provide an income of $85,800 per annum. However conversion to student accommodation makes the sky the limit.
The location: As the first new project under construction in the Mill Central Precinct of The Mill Priority Redevelopment Area, this project is centrally located in the heart of the Petrie Town Centre as well as the proposed future Mill Central area envisioned by the Moreton Bay Regional Council (please request Due Diligence Pack to view all council planning for the area and 'The Mill' development already under construction across the road). Current projections are a requirement to accommodate 10,000 students by 2030 growing to 20,000 at full operation. It is needless to say the capital growth on this investment will far exceed expectations.
To arrange an inspection or for more information please call Brocke Hambrecht or Josh O'Brien.
*Approximately
Property History for 6-10 Whites Rd, Petrie, QLD 4502
- 02 Mar 2020Listed for Rent $20,000 / month
- 29 Oct 2019Listed for Sale From $389,000
- 20 Mar 2019Listed for Sale Price Upon Application
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About Petrie 4502
The size of Petrie is approximately 6.6 square kilometres. It has 32 parks covering nearly 17.5% of total area. The population of Petrie in 2016 was 8674 people. By 2021 the population was 8722 showing a population growth of 0.6% in the area during that time. The predominant age group in Petrie is 40-49 years. Households in Petrie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Petrie work in a professional occupation.In 2021, 68.60% of the homes in Petrie were owner-occupied compared with 71.90% in 2016.
Petrie has 3,639 properties. Over the last 5 years, Houses in Petrie have seen a 111.18% increase in median value, while Units have seen a 136.19% increase. As at 31 December 2025:
- The median value for Houses in Petrie is $989,880 while the median value for Units is $671,238.
- Houses have a median rent of $600 while Units have a median rent of $535.
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