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15/8 Tonga Place, Parkwood, Qld 4214 For Sale
15/8 Tonga Place, Parkwood, Qld 4214 15/8 Tonga Place, Parkwood, Qld 4214-Image 15/8 Tonga Place, Parkwood, Qld 4214-Image 15/8 Tonga Place, Parkwood, Qld 4214-Image 15/8 Tonga Place, Parkwood, Qld 4214-Image 15/8 Tonga Place, Parkwood, Qld 4214-Image 15/8 Tonga Place, Parkwood, Qld 4214-Image 15/8 Tonga Place, Parkwood, Qld 4214-Image 15/8 Tonga Place, Parkwood, Qld 4214-Floorplan

15/8 Tonga Place, Parkwood, Qld 4214

Offers Over $549,000

Unit
Type
3
Bedrooms
3
Bathrooms
1
Parkings

Published on Monday, August 17, 2026 ( See property details for 15/8 Tonga Place, Parkwood, Qld 4214)

Offers Over $549,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A purpose-built, low-maintenance student accommodation unit in a prime Gold Coast location offering multiple income streams and strong rental demand.

🏡 Property Highlights

  • Purpose-built student accommodation with three individually rented bedrooms
  • Multiple income streams from a single property, ideal for investors
  • Excellent proximity to Griffith University and Gold Coast University Hospital
  • Convenient access to light rail and public transport for easy student mobility
  • Low-maintenance investment opportunity in a high-demand location
  • Affordable entry point into the Gold Coast investment market

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Waterfront / Views
  • Open-Plan Living
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Fully fenced
  • Pet-Friendly

Parkwood is a highly sought-after suburb on the Gold Coast, renowned for its proximity to major educational and medical facilities, excellent public transport options, and a vibrant student community. Its strategic location offers strong rental demand, affordable investment opportunities, and easy access to shopping, dining, and recreational amenities, making it an ideal choice for investors seeking consistent cash flow and growth potential.

How does the individual rental model benefit investors?
The individual rental model allows each bedroom to be rented separately, creating multiple income streams from a single property, which can enhance cash flow and reduce vacancy risk.
What are the maintenance requirements for this property?
As a low-maintenance, purpose-built unit, the property is designed for minimal upkeep, making it an attractive option for investors seeking a hassle-free investment.
Is the property suitable for long-term tenants or short-term rentals?
The property is primarily designed for student accommodation, with tenants typically being students on semester leases, ensuring consistent occupancy aligned with academic calendars.
What is the current rental yield and return on investment?
The property generates a weekly rental income of $1125, providing a strong rental yield suitable for investors focused on cash flow and income diversification.
Are there any restrictions or covenants associated with the property?
The property is part of a body corporate, with specific rules and fees outlined in the body corporate documentation; prospective buyers should review these details during due diligence.
Are there any upcoming body corporate fee increases or special levies planned? Has the property been inspected for any structural or pest issues? Are there any zoning restrictions or easements affecting the property? What are the long-term plans for the surrounding area that could impact the property’s value? Is there any history of flooding or bushfire risk in the area? Are there any planned developments or construction projects nearby that could cause noise or disruption? What are the terms of the lease agreements with current tenants? Are there any restrictions on modifications or renovations to the property? Is the property compliant with all relevant safety and building regulations? What are the total ongoing costs, including strata fees, rates, water, and maintenance?

15/8 Tonga Place, Parkwood, Qld 4214 - More Details

Offers Over $549,000

Designed specifically for the investor market, this property offers a unique opportunity to secure purpose-built student accommodation where each of the three bedrooms can be rented separately, creating multiple income streams from a single property.

Ideally positioned close to Griffith University and Gold Coast University Hospital, the property is located in one of the Gold Coast's key education and medical precincts. With public transport and the light rail nearby, students have easy access to the university, Southport, shopping, dining and the wider Gold Coast.

Unlike a traditional three-bedroom rental with a single tenancy, the student accommodation model allows each bedroom to generate its own rental income, providing investors with the potential for an attractive combined return while spreading vacancy risk across multiple occupants.

Investment highlights include:

• Purpose-built student-only accommodation
• Three bedrooms, individually rented
• Multiple rental income streams from one property
• Excellent proximity to Griffith University
• Close to Gold Coast University Hospital
• Convenient access to light rail and public transport
• Strong student-focused location
• Low-maintenance investment opportunity
• An affordable entry point into the Gold Coast investment market

For investors focused on cash flow and rental yield rather than owner-occupier appeal, 15/8 Tonga Place represents an opportunity to secure a specialised investment in a location that will remain in demand.

The Math -

Rental return - $1125 pw
Body Corp - $70pw after discount pw
Rates $2600 approx pa
Water - $1700 approx pa


Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.
Type
Unit
Bedrooms
3
Bathrooms
3
Parkings
1

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