10/16 Telopea Street

Labrador QLD 4215

Apartment

Currently for sale - view listing

Overview

The Outlier in the Complex

THE RESIDENCE Well maintained throughout, this two-bedroom, one-bathroom townhouse with single car accommodation presents in ready-to-rent condition requiring no immediate capital outlay from its next owner. The standout physical point of difference is the corner position, which delivers a backyard substantially larger than any other unit in the complex. For tenants, that outdoor space is a genuine lifestyle upgrade. For the investor, it's a retention tool that keeps quality renters in place and renewals coming. THE SETTING Labrador's appeal to tenants is no accident. The suburb sits at the intersection of lifestyle and convenience that long-term renters actively seek the Broadwater Parklands and Marine Parade dining precinct on the doorstep, Gold Coast University Hospital and Griffith University within easy reach, and Surfers Paradise and Southport both accessible in minutes. This is a suburb that attracts healthcare professionals, university students, and young professionals in equal measure a diverse and dependable tenant pool that insulates investors from the vacancy risk found elsewhere on the Coast. THE OPPORTUNITY The fundamentals here are hard to argue with. Labrador units recorded annual price growth of 19.5% to Q3 2024, with the suburb's unit median now sitting at $740,000 and a gross rental yield of 4.5%. Across the northern Gold Coast corridor, rental vacancy has remained below 1.5% since 2021 a market condition that continues to support both rental growth and tenant retention. Unit 10 enters this environment with a clear point of difference over comparable stock: the corner land allocation cannot be replicated by standard-position units in the same complex, and that distinction carries weight at both the leasing and resale stage. Entry-level price point. Above-average land content. A suburb with a decade of proven capital growth behind it and no sign of demand easing. - Corner position largest backyard in the complex - 2 bed | 1 bath | 1 car - Well maintained no immediate spend required - Minutes to Gold Coast University Hospital, Griffith University & Broadwater Parklands - Suburb unit median up 19.5% year-on-year - Sub-1.5% vacancy rate across the corridor - Strong tenant demand from healthcare, education & lifestyle sectors YOUR SPECIALISTS Ajdin Havic 0422 302 175 Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, ONIX PROPERTY cannot guarantee its correctness. Prospective buyers need to take such action as is necessary, to satisfy themselves of any pertinent matters.