The glorious Pumicestone Passage is an internationally recognised marine park that is home to dugongs, dolphins, turtles, and a stunning variety of birdlife.

It lends itself to all types of water-based activities, including safe family swimming, and a range of eco-based activities and tours.

More than 200 years ago, the great navigator Matthew Flinders, the first man to map the entire Australian coastline, anchored his schooner there to explore the intriguing Glasshouse Mountains which James Cook had named a quarter of a century earlier.

With the majestic waves of the Pacific Ocean on one side and the serene Pumicestone Passage on the other, Bribie Island offers a picture-perfect holiday location less than an hour’s drive from Brisbane.

The lovely Placid Waters Holiday Apartments at Bongaree, on the island’s east side, are perfectly placed to take advantage of everything the region has to offer from bushwalking, birdwatching and big game fishing through to shopping and fine dining.

Bribie Island is becoming an increasingly popular family holiday destination, and Placid Waters is at the centre of it all.

“It’s an excellent business that is really poised for someone to come in and take it to the next level,” says Malcolm O'Farrell from Ras360.

“The current operators have been there for 17 years and have done a fantastic job but I feel the next generation can take it even further. And I can see some pretty easy wins for the new managers.”

The Management Rights are on offer for $495,000 and there is a two-bedroom manager’s unit for $520,000.

The net profit is $145,176 and the remuneration / body corporate salary $68,742.

An extra unit was recently added to the letting pool, making it 14 with a potential for a 15th to come online from January 25, meaning there is an uptick in profit straight away. There are 30 units in the building.

“Bribie Island is a really popular holiday destination but still quieter than the crowded tourist hotspots,” Mr O’Farrell said.

“The regular live music they have at Sandstone Point draws big crowds and holiday accommodation books out quickly. So that’s always giving visitor numbers to Bribie a healthy boost.”

Some of the huge acts booked for the first half of 2025 include Boy George, Bonnie Tyler, Jet, the Veronicas, ZZ Top, Rose Tattoo, and George Thorogood and the Destroyers.

“The east side of Bribie Island gets hit by strong winds but Bongaree is on the side with the placid water,” Mr O’Farrell said, “and it’s a real family atmosphere. The Placid Waters Holiday Apartments offer a peaceful waterfront setting. It’s a great place and a great business.”

“It’s just an hour's drive north of Brisbane, and draws a constant flow of visitors from Brisbane and interstate.

“Placid Waters offers new managers the ultimate sea change in a boutique holiday apartment complex offering both lifestyle and investment appeal, with

lucrative returns.

“There is a strong ROI of 14.3% and room for growth by optimizing inventory and operations.”

The property is conveniently located within walking distance to popular restaurants, the Bowls Club, the RSL, and just a short drive to the Sandstone Point Hotel.

Bribie is the only Island in the region accessible by bridge.