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Secure DHA Duplex Returning $1,020 Per Week, Garbutt$950,000
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Secure DHA Duplex Returning $1,020 Per Week

Garbutt, QLD 4814, Australia
Approximate location shown. Contact agent for exact address.
$950,000
4 bed 4 bath 2 car523 m²

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About this property

Discover a superb investment opportunity in this modern duplex, built in 2017, which features two identical units. Each side of the duplex offers two bedrooms and two bathrooms, complete with a single lock up garage. The interiors are designed for comfort and ease with tiled flooring throughout the main living spaces and plush carpeting in the bedrooms. The first bedroom boasts an ensuite adding a touch of privacy and luxury while both bedrooms are fitted with built in robes for ample storage. The heart of each unit is the open plan kitchen, dining, and living area which flows out to an inviting covered patio courtyard ideal for relaxation or entertaining. The kitchen is equipped with modern appliances and ample cupboard space. Additionally, each unit is fully air-conditioned to ensure comfort throughout the year and laundry facilities are conveniently integrated into the garage area. Positioned on a corner allotment, the left side of the duplex enjoys a substantially larger yard than typically found in similar duplex designs. The corner position also offers the potential for side access through to the backyard, ideal for storing a trailer, boat, or additional vehicle. From an investment perspective, these units are currently leased through Defence Housing Australia (DHA), providing a stable rental return of $510 per week per unit, totalling $1,020 per week. The DHA lease remains in place until November 2026, offering peace of mind with a secure long term tenant. DHA have offered a 6 year extension to the lease which would bring the new lease end date to November 2032 with a variable extension period of 3 more years. At the moment there is an option to purchase this duplex with the DHA lease ending November 2026 or with an extension of the lease to end on November 2032 with an additional 3 year option. This property is an exceptional choice for investors seeking a hassle free addition to their portfolio with guaranteed returns and a quality build in a desirable location.

Property Details

Property Type
duplex
Listing Type
For Sale
Bedrooms
4
Bathrooms
4
Parking
2
Land Area
523 m²
Listed
2 months ago

Repayment calculator

$4,606/month
$2,303 /fortnight
Loan $760,000 at 6.10% over 30 years

Upfront costs

Deposit$190,000
Stamp duty$35,775
Conveyancing (est.)$2,000
Total upfront$227,775
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Garbutt

This 4-bedroom duplex in Garbutt, QLD 4814 sits within reach of public transport, local shops and nearby schools. It is listed 61% above the $589,000 median of 71 comparable duplexswithin 5 km.

Schools near Garbutt

  • Garbutt State Schoolprimary · Prep-6 · CoEd
  • The BUSY School - Garbutt Campussecondary

What's nearby

  • Meenan St at Lonerganne Street (bus)613 m away
  • Roofguard897 m away
  • Spilsbury Park143 m away
  • Unnamed217 m away
  • Unnamed704 m away

Garbutt at a glance

Full suburb profile
Population
2,309
Median age
42
Household income
$1,082/wk
Median rent
$220/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Garbutt price trend

Median sold · House 4 bed

Compound growth +17.2% / yr over 4 yrs

$650kcurrent median

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Price history

Price history

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1 price change recorded for this property

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