OFF MARKET

105A/105B Bilby Drive
Morayfield QLD 4506

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Land area: 350m2
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Last updated 11 Nov 2024
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Property Details for 105a/105b Bilby Dr, Morayfield

105a/105b Bilby Dr, Morayfield is a 4 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 350m2.

Building Type
Unit
Land Size
350m2
Local Government
Moreton Bay

Last Listing description (January 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 History for 105a/105b Bilby Dr, Morayfield, QLD 4506

A timeline of how this property has performed in the market
  • 31 Oct 2023
    Listed for Sale Call Agent

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About 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 12,473 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.
There are currently 104 properties listed for sale, and 77 properties listed for rent in Morayfield on OnTheHouse. According to CoreLogic's data, 1144 properties were sold in the past 12 months in Morayfield.

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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.