Type:

Duplex (Block of 2 units)

Bedrooms:

4

Bathrooms:

2

Land (sqm):

809

Car/Garage:

2 car spaces (shared double carport)

Estimated weekly rent:

$490 per week (range $420-$560 per week)

Property is currently tenanted, generating $25,740 p.a. gross. Leases for Unit 1 are through October 2025 and Unit 2 through May 2025.

Rental vacancy rate:

Mount Isa's rental vacancy rate was 3.4% as of March 2024, which is considered 'healthy' by REIQ standards. Other reports indicated 1% or 1.6% (Dec 2024) and 2.4% vacancy rates for houses in Mount Isa.

Council rate:

To be confirmed with Mount Isa City Council. Rates in Mount Isa are issued half-yearly and depend on land valuation, property type, and water usage. The 2023-24 budget included a 3.3% overall rates increase for average residential properties.

Water rate:

To be confirmed with Mount Isa City Council. Water charges are a two-part system: an access charge (half-yearly on rates notice) and a consumption charge (quarterly or half-yearly, based on usage). Average Mount Isa household consumes about 450,000 litres of water annually, with bulk water charges averaging approximately $1.50 per 1,000 litres to the Council.

Strata fee:

To be confirmed. As the property is a duplex (unit block), strata fees may apply, but no specific amount was listed in available information.

Home and content insurance price:

Varies significantly based on insurer, coverage, and specific property characteristics. A specific quote is recommended.

LGA:

Mount Isa City Council

Zoning:

Residential land use

Bushfire:

Not detected

Flood:

Not detected

Heritage:

Not detected (Property is not heritage-listed, although Mount Isa has heritage sites)

State Government:

Queensland government's $30 million Mount Isa Mining Acceleration Program to expedite mining projects in the North West Minerals Province, expected to create over 2500 jobs over the next five years. This includes the Eva Copper Mine Project (Harmony Gold), Paradise South Phosphate Mine (North West Phosphate), and Vecco Critical Minerals Project (Vecco Group).

CopperString transmission project is a large-scale project that will unlock broader potential across the local economy.

Local Government:

Mount Isa City Council's 'Future Ready Economy Roadmap' outlines 28 prioritised projects worth approximately $2.7 billion. Key initiatives include a Critical Minerals and Rare Earths Research Centre, Battery Anode Material (BAM) project, acid production from pyrite in mine tailings, a new correctional facility, Green Gravity (energy storage), Flying Whales (logistics), and new transport and infrastructure.

Glencore will continue to operate its zinc mining and processing assets (George Fisher Mine until at least 2042) and is reviewing the copper smelter and refinery operations until 2030. They are also progressing a pre-feasibility study into reopening the Black Star Open Cut Mine (potential 300-400 jobs from 2027).