High-Yield Dual-Income Duplex with Long-Term Leases

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Established Dual-Income Duplex Producing Over $54,000 Per Annum

This fully tenanted duplex provides investors with an immediate two-income strategy backed by long-term leases and a highly functional, low-maintenance configuration.

Positioned on a substantial 764 m² corner allotment, the property comprises two self-contained three-bedroom residences, each with its own kitchen, living area, private outdoor space and secure garage.

With combined rental income scheduled to reach $1,040 per week, the asset offers an attractive balance of cash flow, tenant diversification and long-term regional growth exposure.

Investment Highlights

• Genuine duplex investment with two separate residences
• Dual occupancy held on one title
• Two established rental income streams
• Combined rent increasing to $1,040 per week
• Annualised income of approximately $54,080
• Indicative gross yield of approximately 6.1% at $890,000
• Both residences secured by long-term leases
• 6 bedrooms in total
• 2 bathrooms and 2 lock-up garages
• Generous 764 m² corner allotment
• Three bedrooms with built-in robes in each residence
• Fully air-conditioned throughout
• Open-plan kitchen, dining and living areas
• Covered outdoor patios
• Fully fenced private backyards
• Security screens and doors
• Side access
• Single-level, easy-care design
• Diversified rental income across two tenancies

Nearby Amenities & Lifestyle Drivers

The property benefits from an established residential location within one of North Queensland's largest regional centres.

Tenant-supporting amenities include:

• Major regional shopping and retail precinct
• Supermarkets and everyday services
• Primary and secondary schools
• Childcare facilities
• Parks and recreation areas
• Major sporting and entertainment facilities
• Restaurants and dining
• Medical and healthcare services
• Local bus connections
• Convenient access to university and hospital precincts

The depth of surrounding infrastructure supports consistent tenant demand across families, defence personnel, healthcare employees, trades and other regional workers.

Employment & Economic Drivers

The broader regional economy is supported by a diversified employment base, reducing reliance on any single industry.

Major economic and employment drivers include:

• Defence and Australia's major northern military presence
• Healthcare and a major tertiary hospital precinct
• University and tertiary education
• Port and freight operations
• Mining and resources support industries
• Manufacturing and processing
• Government administration
• Construction and infrastructure
• Retail and professional services

The region is also projected to experience continued population growth over the long term, supporting ongoing demand for well-located rental accommodation.

Significant investment in health infrastructure and the region's strategic defence role further strengthen the area's employment fundamentals.

Transport Connectivity

• Approx. 15 minutes to the CBD
• Approx. 10–15 minutes to airport
• Convenient access to major arterial roads
• Local bus connectivity
• Easy access to major retail and employment precincts
• Practical connections to university, hospital and defence employment hubs
• Strong road access across the broader North Queensland regional centre

Why Investors Like This Asset

The investment case is centred on immediate income, tenancy diversification and established leases.

Unlike a single residential tenancy, the duplex structure provides two separate rental streams, helping diversify vacancy risk while producing more than $54,000 in annualised gross rental income once the scheduled rent increases take effect.

The combination of a substantial landholding, two self-contained three-bedroom residences, low-maintenance construction and proximity to major employment and infrastructure creates a compelling regional investment profile.

For investors prioritising cash flow, dual-income security and exposure to a diversified North Queensland economy, this asset represents a strong portfolio-grade opportunity.

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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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