5 Iriks Way, Medina is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2012. The property has a land size of 234m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Tidy investment or affordable home to move into. This modern home as all the conveniences you would expect yet is in the quaint village atmosphere which is Medina. Medina has experienced HIGH capital growth with no signs of slowdown so get in while its still affordable!
We are currently pending the tenant vacating (8th of October ETA) this property and while doing so this property is available exclusively to our database registered clients.
Some of the great features you will love:
For the investor:
Still depreciation left on build age
Very low maintenance property
Ultra low vacancy rates, quick to rent
Great Location close to amenities
Rent approximately $480 per week in the current market and will settle vacant so you can capitalise on the high rent return.
For the owner occupant:
Great low price for a free standing home with NO STRATA
Easy access to shops, schools and public transport
Low maintenance yard means more time for enjoyment
To have a chat about this property while its still available give Jade Shani a call 0401522584.
The size of Medina is approximately 3.7 square kilometres. There are 14 parks, covering nearly 50.5% of the total area. The population of Medina in 2016 was 2373 people. By 2021 the population was 2260 showing a population decline of 4.8% in the area during that time. The predominant age group in Medina is 40-49 years. Households in Medina are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Medina work in a trades occupation.In 2021, 63.40% of the homes in Medina were owner-occupied compared with 64.30% in 2016.
Medina has 1,358 properties. Over the last 5 years, Houses in Medina have seen a 170.98% increase in median value, while Units have seen a 184.22% increase. As at 30 June 2026:
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