Suburb Profile Report for Harristown QLD (4350)

Harristown House: Median price $310,000, Annual capital growth 2.41%, Number of sales 143, Weekly median advertised rent $335

Harristown Unit: Median price $273,000, Annual capital growth 4.44%, Number of sales 29, Weekly median advertised rent $250

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property investors who have had real estate in Harristown, 4350 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.64%

When looking at the potential capital gains offered to property investors over the last 3 years, Harristown comes in at number 634th in QLD.

The most recent median price for Harristown is $310000, with sellers offering an average of -6.65% off the asking price.

Renters in Suburb are facing rents around $17420 per annum or $335 every week.

Property value increases in Harristown have tracked lower than the QLD average of -0.57% over the last 12 months.

Over the longer term, Harristown has seen property prices show investors a -9.45% return over the last 3 years. This is worse than over the last 12 months

At number 203th of QLD’s most discounted properties, Harristown is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Harristown the average time real estate has been on the market is 124.105 days.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 4.76%, without taking into account capital value appreciation, which has been averaging out at 4.44%.

Information supplied by:


November 2018

M
O

W
E

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.

Metrics i HOUSE UNIT
$310,000 $273,000
-1.59% 6.23%
1.64% -10.49%
2.41% 4.44%
$335 $250
143 29
5.62% 4.76%
73.6752136752137 124.105263157895

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (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