Suburb Profile Report for Harristown QLD (4350)

Harristown House: Median price $340,000, Annual capital growth 2.82%, Number of sales 175, Weekly median advertised rent $340

Harristown Unit: Median price $252,500, Annual capital growth 3.65%, Number of sales 42, Weekly median advertised rent $270

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Harristown has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 9.68% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Harristown comes in at number 605th in QLD.

Our latest figures would indicate that property sellers in Harristown are currently offering property investors an average price cut of -4.00% below the asking price at the moment.

At number 1609 in a list of fastest selling suburbs, Harristown is just in the top half of suburbs in Australia with an average of days on market 51.2899 for properties listed there.

Harristown is 238th on a list of best yielding suburbs for rents in QLD with a 5.20% return

QLD has seen average median house prices change by 8.71% which means that Harristown, 4350 has done well for property investors by showing a capital gain of 16.36% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Harristown has fallen somewhat when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -4.31% to buyers in Harristown at the moment, which is less than average for the rest of QLD.

In the last year 42 properties changed hands in Harristown, which puts it as the 207th most active market in QLD when comparing the number of sales per suburb.

Information supplied by:


November 2018

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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
$340,000 $252,500
1.49% 2.23%
9.68% 16.36%
2.82% 3.65%
$340 $270
175 42
5.20% 5.56%
51.2898550724638 75.2916666666667

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Very good (H)
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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
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