3/16 Madang CrescentRunaway Bay QLD 4216
Property Details for 3/16 Madang Cres, Runaway Bay
3/16 Madang Cres, Runaway Bay is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 545m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (October 2023)
Welcome to 3/16 Madang Crescent, Runaway Bay! A two bedroom one bathroom unit situated on the first floor with only a short walking distance to the broad water and a short drive to both the Runaway Bay Shopping Centre and Harbour Town Outlet Stores.
Features Include:
- Two spacious bedrooms
- Separate toilet
- Open plan living area
- Expansive balcony for entertaining
- Security access with intercom
- Single covered car park
- Low body corp with healthy sinking fund
- Long term tenant until March 2024
Perfect for investors, first home buyers or couples/families looking to eventually downsize, don't miss out on this opportunity Contact the listing agent Reuben Healy on 0467376213 to arrange a private inspection.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
Property History for 3/16 Madang Cres, Runaway Bay, QLD 4216
- 26 Aug 2023Sold for $460,000
- 26 Jul 2023Listed for Sale $460,000
- 13 Aug 2020Listed for Rent $300 / week
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About Runaway Bay 4216
The size of Runaway Bay is approximately 5.3 square kilometres. It has 12 parks covering nearly 26.4% of total area. The population of Runaway Bay in 2011 was 8,912 people. By 2016 the population was 9,066 showing a population growth of 1.7% in the area during that time. The predominant age group in Runaway Bay is 60-69 years. Households in Runaway Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Runaway Bay work in a professional occupation. In 2011, 65.2% of the homes in Runaway Bay were owner-occupied compared with 66.5% in 2016.
Runaway Bay has 5,317 properties. Over the last 5 years, Houses in Runaway Bay have seen a 83.37% increase in median value, while Units have seen a 80.51% increase. As at 30 September 2024:
- The median value for Houses in Runaway Bay is $1,661,838 while the median value for Units is $924,584.
- Houses have a median rent of $1,000 while Units have a median rent of $700.
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