CALLING ALL INVESTORS ... DUPLEX ... DUAL INCOME INVESTMENT

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Kirwan Dual-Income Duplex

Investment snapshot

• Duplex on one title comprising two three-bedroom residences on a 764m² corner allotment.
• Both dwellings are presented as tenanted, with combined rent scheduled to increase from $900 to $1,040 per week in August 2026. Confirm the executed lease dates during due diligence.
• At the advertised offers-over $890,000, the future rent represents an indicative 6.1% gross yield.
• Council rates and water are stated at approximately $8,118 per annum, before insurance, management, maintenance and other holding costs.
• Separate fenced yards, covered patios, air-conditioning, lock-up garages and single-level layouts support broad family and long-term tenant appeal.

Location and lifestyle

• Kirwan is approximately 11–12km from Townsville CBD and around 10km by road from Townsville Airport.
• Willows Shopping Centre provides three supermarkets, major retailers, services, dining and more than 130 specialty stores.
• Cannon Park is a nearby restaurant and entertainment precinct featuring Reading Cinemas, Kingpin bowling and a wide choice of casual dining.
• Riverway offers swimming lagoons, riverside parklands, walking areas, playgrounds and Riverway Stadium for cricket, AFL and community events.
• Local education options include Kirwan State School, Kirwan State High School and Ryan Catholic College, with James Cook University accessible in nearby Douglas.
• Kirwan Health Campus provides community, oral, child and mental-health services. Townsville University Hospital is located within the wider Douglas health and education precinct.
• Bus routes including 203, 208 and 212 connect Kirwan and the Willows interchange with Aitkenvale, Townsville City and surrounding suburbs.

Rental market and demographics

• Kirwan’s median house rent was approximately $570 per week, up 7.6% over 12 months to June 2026. Three-bedroom houses recorded a median of approximately $540 per week.
• Rental indicators show 52 houses offered during the latest month, 523 leases over the preceding year and a median 21 days on market, indicating consistent tenant turnover and demand.
• Published vacancy estimates vary between approximately 1.6% and 2.4%; the latest postcode-level figure should be independently confirmed before purchase.
• Kirwan recorded 20,780 residents, 8,392 private dwellings, a median age of 38 and median household income of $1,673 per week at the 2021 Census.

Growth and employment drivers

• The $45.2 million Kirwan Health Campus expansion adds maternity, oral-health and outpatient capacity, supporting local healthcare services and employment.
• The $95 million Riverway Drive Stage 2 upgrade is widening sections to four lanes and improving intersections, public transport, pedestrian and cycling infrastructure, with completion expected by mid-2027.
• Employment is supported by the Douglas hospital and university precinct, Willows retail and services, Townsville CBD and Port, and Lavarack Barracks—one of Northern Australia’s major military establishments.

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Building & pest inspections, Title search, Flood, Bushfire, Easements, Soil type, Water & sewer, Stormwater, Dual Key compliance, Supply Demand stats review, Vacancy rates stats review, Contract review, Tenant agreement review.

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