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%.
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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.