SOLD
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Sold on 13 May 2024 for $425,000

177-187 Boomerang Drive
Kooralbyn QLD 4285

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2.01ha
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Property Details for 177-187 Boomerang Dr, Kooralbyn

Building Type
Land
Land Size
2.01ha
Local Government
Scenic Rim Regional
Lot/Plan
1/RP186518

Last Listing description (May 2024)

Surrounded by the most picturesque, uninterrupted views out to Lamington National Park and the Border Ranges, this fully fenced 5-acre block is a rare find.

This block has so much potential, you can build your dream acreage home on the wide flat section at the top, add a tiny house for instant Airbnb income in the lead-up to the 2032 Olympics (with events and an athlete's village set for Kooralbyn), or use it as a weekender to escape and unwind. The property is currently set up as a weekender with a toilet, water tap, power connection, and firewood store. If you would like to add internet there is NBN in the street.

The current owners have made a number of improvements since purchasing the property, including adding a 4.5x6m shed, earthworks to enable vehicle access to the lower sections with more areas available for camping, plus the price includes approximately $20,000 worth of equipment (Polaris ATV, and two mowers) - or if you don't need all the equipment, we can negotiate the price. The Kooralbyn area has also seen 67% house price growth in their time, since it was purchased in Oct 2021 (source: realestate.com.au/qld/kooralbyn-4285/).

Features of the Kooralbyn and Scenic Rim area:
• Lonely Planet Top 10 places in the world to visit, 2022
• Golf course and mountain biking at The Kooralbyn Resort
• Attractions such as the Overflow Estate winery and restaurant nearby
• 2 minutes to the village with cafe, playground, food store and fuel
• Kooralbyn International School is 5 minutes away
• Brisbane and the Gold Coast are 80 minutes away

Block Dimensions;

• 99.7m Front frontage
• 201.4m right-hand boundary
• 214.2m left-hand boundary
• 102.3m Bottom Boundary

Property History for 177-187 Boomerang Dr, Kooralbyn, QLD 4285

A timeline of how this property has performed in the market
Last Sold
$425,000
13 May 2024
  • 23 May 2024
    Listed for Sale Offers Over $450,000
  • 11 May 2024
    Sold for $425,000
  • 21 Dec 2023
    Listed for Sale Offers Over $450,000
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About Kooralbyn 4285

The size of Kooralbyn is approximately 87.5 square kilometres. It has 11 parks covering nearly 4% of total area. The population of Kooralbyn in 2011 was 1,371 people. By 2016 the population was 1,725 showing a population growth of 25.8% in the area during that time. The predominant age group in Kooralbyn is 60-69 years. Households in Kooralbyn are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kooralbyn work in a trades occupation. In 2011, 74.2% of the homes in Kooralbyn were owner-occupied compared with 70.9% in 2016.

Kooralbyn has 1,235 properties. Over the last 5 years, Houses in Kooralbyn have seen a 97.91% increase in median value, while Units have seen a 199.63% increase. As at 31 October 2024:

  • The median value for Houses in Kooralbyn is $733,606 while the median value for Units is $285,187.
  • Houses have a median rent of $350 while Units have a median rent of $210.
There are currently 23 properties listed for sale, and no properties listed for rent in Kooralbyn on OnTheHouse. According to CoreLogic's data, 102 properties were sold in the past 12 months in Kooralbyn.

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Eddy Sarroff
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Edward Sarroff
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Eddy Sarroff Realty
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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.