Property value increases in Harristown have tracked lower than the QLD average of 2.00% over the last 12 months.
Over the longer term, Harristown has seen property prices show investors a -4.69% return over the last 3 years. This is an improvement over the last 12 months
At number 113th of QLD’s most discounted properties, Harristown is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Harristown, 4350’s gross rental yield is 5.80%
QLD has seen average median house prices change by -0.18% which means that Harristown, 4350 has not done well for property investors by showing a capital gain of -8.94% over the last year
Across a shorter period, Harristown, 4350 has seen a median price increase of -9.84% over the last quarter.
At number 70th of QLD’s most discounted properties, Harristown is in the bottom 30% of the state/territory when listing in order of most discounted to least.
In the last year 25 properties changed hands in Harristown, which puts it as the 216th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Harristown being $275000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 4.73%
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
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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.Close