83 Palmerston Drive, Goondi Bend, Qld 4860

Set in one of North Queensland’s tightest rental markets, this solid two-storey duplex offers the kind of investment buyers are always chasing — immediate income, long-term growth potential, and clear scope to improve returns further.

Built from low-maintenance concrete block construction, the property comprises two spacious 3-bedroom, 1-bathroom units, both currently tenanted and already producing a combined rental income of $725 per week.

The Investment

The downstairs unit has recently been renovated and presents well, featuring a modern kitchen and tiled flooring throughout. This unit is currently returning $420 per week.

The upstairs unit is currently returning $325 per week and offers clear potential to increase the rent to around $420 per week with similar upgrades to the downstairs unit.

With both units already leased, the property provides immediate rental income from day one, while still offering a strong value-add opportunity for the future.

The Opportunity

Sitting on a generous allotment of over 1,700m², there may also be potential for further development or additional improvements, subject to council approval. This gives the property an extra layer of long-term upside beyond the current rental return.

Location

Positioned in Goondi Bend, just minutes from schools, shopping, local services and the Innisfail CBD, the duplex is well located for tenants and well placed to remain a strong long-term rental investment. With rental properties still in high demand across the Cassowary Coast Region, this is a practical and reliable addition to any portfolio.

Key Details

Two-storey duplex

2 x 3-bedroom, 1-bathroom units

Both units currently tenanted

Current combined rental income of $725 per week

Downstairs unit renovated and returning $420 per week

Upstairs unit currently returning $325 per week

Potential to increase upstairs rent to around $420 per week with upgrades

Solid concrete block construction

Low-maintenance investment

Large 1,700m²+ allotment

Potential future development upside, subject to council approval

Minutes to schools, shops and the Innisfail CBD

A solid, income-producing investment with tenants already in place, strong rental demand, and plenty of future upside.

Inspections by appointment, Contact Newton Property Group

Property Code: 349