105 Bilby DriveMorayfield QLD 4506
Property Details for 105 Bilby Dr, Morayfield
105 Bilby Dr, Morayfield is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 2019. The property has a land size of 347m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in Morayfield in the last 12 months.
Last Listing description (March 2024)
This four-year-old, dual occupancy property located in Morayfield, QLD is tenanted and ready to produce income from day one. It is the perfect property to add to or start a property portfolio.
Having two rental incomes from a single property can significantly boost your cash flow, making it easier to cover mortgage payments and generate a positive cash flow. Also, you can cater to a wider range of tenants, from singles and couples to families or retirees, making it easier to find renters for your investment property.
Both units are fully rented:
Unit one rental per week $440.00
Unit two rental per week $310.00
Situated in a desirable position, only 15min walk to the station, this property offers a great balance of convenience and investment return. With easy access to the Pacific Motorway, there is access to the city centre in no time. The units, being only four years old, come with modern amenities, making them more attractive to future potential tenants.
The local area is also home to a variety of shops, restaurants and entertainment venues, making it the ideal spot for tenants who enjoy the convenience.
The properties are arranged side by side with a staggered arrangement,
maximising the block size giving the owners a well layed out rental investment. Both units benefit from a garden area and unit one has an outdoor living area which is perfect for enjoying alfresco living.
Both units have split system cooling systems to ensure residents stay comfortable all year round. With a garage in each unit for extra storage, this dual property has all the necessities covered. The property market in South East Queensland has shown steady growth over the years. Investing in a dual occupancy property can be a smart move for potential capital appreciation with the up coming Olympics being held in Brisbane. Queensland's property market has shown stability and resilience, which can provide a sense of security for property investors.
Property Code: 2
Property History for 105 Bilby Dr, Morayfield, QLD 4506
- 21 Dec 2023Sold for $710,000
- 13 Nov 2023Listed for Sale Call Agent on this investment property.
- 26 Sep 2018Listed for Rent $300 / week
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0About Morayfield 4506
The size of Morayfield is approximately 44.5 square kilometres. It has 58 parks covering nearly 6.3% of total area. The population of Morayfield in 2011 was 19,346 people. By 2016 the population was 21,403 showing a population growth of 10.6% in the area during that time. The predominant age group in Morayfield is 0-9 years. Households in Morayfield are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Morayfield work in a trades occupation. In 2011, 58.3% of the homes in Morayfield were owner-occupied compared with 55.1% in 2016.
Morayfield has 12,475 properties. Over the last 5 years, Houses in Morayfield have seen a 107.80% increase in median value, while Units have seen a 109.20% increase. As at 31 October 2024:
- The median value for Houses in Morayfield is $747,813 while the median value for Units is $519,476.
- Houses have a median rent of $560 while Units have a median rent of $460.
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