4 Idaho Close, White Rock, QLD 4868
Positive Cashflow/High Yield
Property For Sale
Estimated For Rent
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About the Property
This solid block low maintenance family home is positioned in a quiet cul-de-sac on a massive 861sqm allotment. Only minutes from Primary and Secondary Schools and Mount Sheridan Shopping Centre, features include:
– Central kitchen with storage
– Tiled flooring throughout
– Combined Lounge/Dining area
– Oversize outdoor living area
– 3 air conditioned bedrooms
– Semi ensuite with separate toilet
– Fully fenced yard with established tropical gardens
– Additional space for a caravan/boat/extra vehicle
– Plenty of off street parking plus double lock up garage
This property is perfect for First Home Buyers and owner occupiers and would make a low maintenance investment.
Only minutes from the Cairns Golf Club and the Edmonton Boat Ramp, this entry level lifestyle property is a must to inspect.
From the realestate.com.au listing
About the Suburb
White Rock is a suburb located in QLD 4868 with a population of 4918. The suburb has a diverse age range, with a significant population of individuals aged 5 to 19 years and 45 to 64 years. The median household income is $1,396 per week, and the majority of residents own their homes (51%). The suburb offers a range of occupations, with managers, professionals, and technicians and tradeworkers being the top three occupations. White Rock has convenient transportation options, with a high number of residents commuting by motor vehicle, followed by working from home. The suburb also has good access to schools and educational facilities, with an ICSEA percentile of 5.0 for government schools.
White Rock offers investment opportunities in both houses and units. The median house price is $444,000, with a median rental price of $500 per week, resulting in a rental yield of 6.3%. The suburb has experienced a median growth rate of 11.0%, indicating potential capital appreciation. The market absorption rate of 21.2% suggests high demand, which may drive home prices further. White Rock has a low vacancy rate of 0.8% and a room demand-supply ratio of 32.1%, making it favorable for investors interested in renting out rooms. Renovators may find potential opportunities in the suburb, as indicated by the high Sale Price IQR Ratio of 18.8%. The suburb also has a moderate online search interest of 2371, indicating buyer demand.
White Rock, QLD 4868 offers a diverse and vibrant lifestyle for residents. With a range of age groups and accessibility to various amenities, the suburb provides a comfortable living environment. The suburb also presents investment opportunities in both houses and units, with potential for capital appreciation and rental yield. Renovators may find the suburb appealing due to the high Sale Price IQR Ratio. The high market absorption rate and low vacancy rate indicate a favorable market for investors. Overall, White Rock presents a balanced blend of a desirable lifestyle and investment prospects.
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022