Suburb Profile Report for Harristown QLD (4350)

Harristown House: Median price $302,000, Annual capital growth 2.23%, Number of sales 154, Weekly median advertised rent $330

Harristown Unit: Median price $300,000, Annual capital growth 7.78%, Number of sales 25, Weekly median advertised rent $250

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

Harristown, 4350 ranked 778th in QLD when comparing growth in median property values or capital gain over the last 12 months. Harristown is one of 2415 in our list for QLD

Across a shorter period, Harristown, 4350 has seen a median price increase of -0.98% over the last quarter.

Vendor discounting in Harristown is giving property investors an average Vendor Discount of around -8.07%. This puts suburb at number 315th in QLD when ranking the most discounted suburbs.

Residents and property investors in Harristown have been waiting around 84.02 days to sell a property.

Harristown is 176th on a list of best yielding suburbs for rents in QLD with a 5.68% return

If you compare the increase in value of investment property in Harristown, 4350 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 3.45%.

Comparing Harristown,4350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Harristown are currently offering property investors an average price cut of -4.25% below the asking price at the moment.

Situated 108.98km from the CBD, Harristown is one of Toowoomba (R) localities in the postcode 4350.

Information supplied by:


November 2018

M
O

W
E
The suburb of Harristown is an accessible suburb just a stone’s throw from the Toowoomba CBD. Its affordability is making it quite a star among buyersFull summary

Affordability draws investors

Postcode: 4350

Median unit price: $305,000

Three-year growth: 39.0%

Rental yield: 4.7%

The suburb of Harristown is an accessible suburb just a stone’s throw from the Toowoomba CBD. Its affordability is making it quite a star among buyers.

Despite a price hike of 5.6% in the 12 months to August 2018, Harristown’s unit market reports a median value of just $305,000. The suburb has recorded an average annual growth rate of 6.6% over the last few years, with growth peaking in the past three years at 39%. Yields are reasonably high at an average of 4.7%

Harristown is the site of quite a few schools, including Harristown State School, Harristown State High School and two campuses of Concordia Lutheran College. There is a strong community feel in the suburb, which endears it to potential residents. Properties here are low priced, making them ideal for homebuyers on a budget.

Close
Metrics i HOUSE UNIT
$302,000 $300,000
-0.98% -1.64%
-5.63% 3.45%
2.23% 7.78%
$330 $250
154 25
5.68% 4.33%
84.02 82.28

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Harristown QLD
Demographics
Total population 8490
Median household income ($/weekly) 830
Median age of persons 37
Median housing loan repayment ($/monthly) 1404
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 946 11.1
    25-34 years 1156 13.6
    35-44 years 920 10.8
    45-54 years 883 10.4
    55-64 years 801 9.4
    Others 3784 44.6
    Age Group
    Census Count Percent(%)
    Not Married 2785 46.7
    Registered Married 2601 43.6
    Defacto Relationship 576 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6900 89.3
    Papua New Guinea 119 1.5
    Philippines 63 0.8
    United Kingdom 180 2.3
    Other 242 3.1
    Others 225 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 0.6
    Christianity 6213 81.6
    Islam 61 0.8
    Other Religious Groups 22 0.3
    No Religion 1251 16.4
    Others 26 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 391 12.9
    $400-$599 502 16.6
    $600-$799 406 13.4
    $1,000-$1,249 311 10.3
    $1,500-$1,999 342 11.3
    Others 1074 35.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2738 43.5
    Employed, worked full-time 2113 33.6
    Employed, worked part-time 1020 16.2
    Employed, away from work 211 3.4
    Unemployed, looking for work 207 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 526 15.7
    Technicians & trades workers 556 16.6
    Community & personal service workers 401 12.0
    Clerical & administrative workers 436 13.0
    Labourers 489 14.6
    Others 933 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 79 4.6
    Infants/Primary 590 34.6
    Secondary 502 29.5
    Technical or Further Educational Institution 158 9.3
    University or other Tertiary Institutions 309 18.1
    Others 66 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5900 77.7
    Flat, unit or apartment 946 12.5
    Semi-detached, row or terrace house, townhouse 674 8.9
    House or flat attached to a shop, office 43 0.6
    Caravan, cabin, houseboat 32 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1190 36.5
    Fully owned 1003 30.7
    Being purchased 900 27.6
    Other tenure type 171 5.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals