At number 1454th in the list of Australian suburbs ordered by increase in median house value over the last year, Harristown, 4350 is in the top 40% with a property value increase of 1.64% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Harristown,4350 has racked up an average of 1.64% over the period. This ranks it number 3065th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Harristown is $310000, with sellers offering an average of -6.92% off the asking price.
Giving property investors a a poor capital gain of -10.49% for the last year, Harristown, 4350 is the 1223th highest performer in Australia in this respect.
While Harristown,4350 ranked number 55th in QLD for increase in median house value (annualised) increase, it is ranked 60th over the last 5 years.
Property buyers and investors in Harristown 4350 should be seeing an average reduction in asking price of around -4.09% . This means that Harristown is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
The QLD suburb of Harristown, 4350 is in the Toowoomba (R) local government area.
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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.