With a capital gain of 3.28% for the last 12 months, Harristown, 4350 has performed for property investments than its average annual 2.94% property growth over the last 5 years.
Across a shorter period, Harristown, 4350 has seen a median price increase of -0.79% over the last quarter.
Harristown, 4350 is offering QLD ‘s 225th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this QLD.
On average over the past year, suburb has had 11.67 sales per month, which equates to 140 per year.
Property investors should expect to get $337.5 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Harristown, 4350 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -10.49%.
The five-year average increase in median property values for Harristown,4350 has given property investors a potential capital gain of 11.89% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Harristown, 4350. Typically our figures indicate that -5.13% is being offered, which puts this QLD suburb at 774th most discounted overall in Australia.
Using the current median advertised rental of $245 and the average annual increase in value of a median property of 6.10%, investors should hope to achieve an overall return of 4.67%
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Affordability draws investors
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.