Harristown

POSTAL CODE: QLD, 4350
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Property investors have seen a 3.43% gain in HARRISTOWN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on HARRISTOWN, 4350 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 23.76%.

Based on its average 5-year and quarterly capital gains HARRISTOWN, 4350 saw average growth in the long term.

The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $724,000

Profits averaged 20% per annum over a 3-year period, due to an upward trend in home prices in HARRISTOWN, 4350.

This means, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

The gross rental yield in HARRISTOWN, 4350 is 3.95%.

An average of 14.08 real estate transactions take place per month in HARRISTOWN which translates to 169 per annum.

Surburb overview

Located in Queensland’s rapidly growing regional hub of Toowoomba, Harristown is a family-friendly suburb in the city’s south that offers current and prospective residents affordability, convenience, and modern amenities.

The suburb is flanked by two major roads that connect it to the state capital, Brisbane, in under two hours, as well as other parts of regional Queensland and NSW.

Already boasting Queensland’s second-largest regional economy, Toowoomba is set to reap the benefits of several major infrastructure projects in the coming years, including the $1.6 billion Toowoomba Second Range Crossing and the $15 billion Inland Rail Link, as well as the redevelopment of Grand Central and Wellcamp Airport. Harristown will experience the knock-on effects of these projects.

Harristown’s property market features a diverse range of housing options, such as traditional Queenslander-style homes and modern townhouses, allowing it to cater to various budgets and preferences.

Around 9,000 residents call the region home, with 5.5 per cent of Harristown’s population employed by hospitals, while the wider Toowoomba region is expected to house in excess of 230,000 people by 2050.

Investors can expect steady growth and strong rental demand as the suburb continues to attract new residents seeking value for money, convenience, and the flexibility of the huge variety of school options on offer, including government primary, government secondary, Catholic primary, private primary, and private secondary schools.

Number of properties sold 193
Median quarterly growth 3.40%
Average annual growth 5.90%
12-month growth 21.50%
Gross rental yield 4.90%
Median rent $420
Median price $450,000

 

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