For investors, it offers immediate income in a tightly held rental market. For future owner-occupiers, it presents a comfortable and secure home to enjoy once the existing tenancy concludes.

Either way, Diane is already doing the heavy lifting.

Some properties come with a to-do list. This one comes with a tenant and an impressive return.

Currently rented at $490 per week on a fixed-term lease until mid-January 2027, 29 Diane Street offers an annualised gross rental income of $25,480 and an approximate gross yield of 9.6% at the advertised price. It's the kind of maths that makes a calculator sit up straight.

With the latest available data placing postcode 4825's rental vacancy rate at just 0.56% for August 2026 - the lowest non-COVID-era reading since the 2012-13 mining boom - Mount Isa's shortage of available rentals remains acute. Put simply: tenants are plentiful; empty rentals aren't.

The numbers may lead the conversation, but there is plenty to like about the home itself. Set on a fully fenced 802m² corner block, the property offers three bedrooms, polished timber floors, split-system air conditioning throughout and a bright, open living area. The modern kitchen is practical and inviting, while the beautifully renovated bathroom adds a stylish contemporary finish.

Outside, you'll find undercover parking, a low-maintenance yard, secure external laundry and a versatile powered shed ready for storage, tools or weekend projects.

Property highlights:
- Currently returning $490 per week
- Fixed-term tenancy until mid-January 2027
- Annualised gross rental income of $25,480
- Approximate 9.6% gross rental yield at the advertised price.
- Three bedrooms and one renovated bathroom
- Timber floors
- Split-system air conditioning throughout
- Modern kitchen and open living area
- Fully fenced 802m² corner block
- Undercover parking and powered shed
- Secure external laundry
- Low-maintenance yard

Contact Leesa or Shannon today to discuss this ready-made Townview investment or home to be.