FOR SALE
$340,000

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Coombabah QLD 4216

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Effortless Property Caretaking, No Real Estate, Maximum Returns—Your Ideal Investment

Runaway Vista - Business-Only Management Rights
Location: Runaway Bay, Gold Coast
Total Units: 48
Letting Pool: 4 Units
Net Profit: $86,908
Body Corporate Salary: $79,719
Unit Purchase: No unit purchase required
Office Hours: Contactable during normal business hours, with no mandatory office presence.
The Runaway Vista Management Rights offer an exceptional opportunity for investors seeking a business-only management role with no need to purchase real estate. This caretaking position focuses on maintaining the common areas and ensuring the smooth operation of the complex without the need for an on-site office. Responsibilities include basic caretaking tasks such as mowing, cleaning common areas, and pool maintenance.
Business-Only Model: No requirement to purchase a manager’s unit, reducing the initial capital investment.
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Property Details for Contact Agent For Address, Coombabah

Building Type
Commercial

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About Coombabah 4216

The size of Coombabah is approximately 13.2 square kilometres. It has 21 parks covering nearly 32.5% of total area. The population of Coombabah in 2011 was 9,774 people. By 2016 the population was 10,387 showing a population growth of 6.3% in the area during that time. The predominant age group in Coombabah is 60-69 years. Households in Coombabah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coombabah work in a trades occupation. In 2011, 63.2% of the homes in Coombabah were owner-occupied compared with 63.5% in 2016.

Coombabah has 5,314 properties. Over the last 5 years, Houses in Coombabah have seen a 89.40% increase in median value, while Units have seen a 94.44% increase. As at 31 October 2024:

  • The median value for Houses in Coombabah is $934,782 while the median value for Units is $683,515.
  • Houses have a median rent of $730 while Units have a median rent of $728.
There are currently 44 properties listed for sale, and 7 properties listed for rent in Coombabah on OnTheHouse. According to CoreLogic's data, 216 properties were sold in the past 12 months in Coombabah.

Suburb Insights for Coombabah 4216

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Paul Mueller
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RAAS Property Group
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.