8 Thornborough Circuit, Smithfield QLD 4878

8 Thornborough Circuit, Smithfield QLD 4878
Family-sized pool home | High-side lot | School catchment edge | Active seller This property offers a rare combination of a 57% building coverage on a 491m² lot, giving it a generous 281m² floorplan that is unusual for the area. The pool and elevated ground position add lifestyle and structural appeal. It sits in the Yorkeys Knob State School and Smithfield State High catchments, which drives consistent family demand. For a buyer seeking a move-in-ready home with strong rental fundamentals,estimated $785 per week against a $815k suburb median,this property suits owner-occupiers and investors alike. The key risk is the asking price at the high end of estimates, with a $912k midpoint versus recent comparable sales like 8 Cardross Link at $845k. This gap suggests limited short-term equity gain. The opportunity lies in negotiating toward the $850k midpoint, where yield improves to 4.8% and aligns with suburb growth of 12%. No flood or bushfire overlays reduce holding costs. Hold this property for rental income and capital growth driven by school demand and limited supply of large family homes.
Detailed Independent Property Report prepared  by PropCred Analyst team for 8 Thornborough Circuit, Smithfield QLD 4878
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk 2
Income Risk
Execution Risk
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Insight: Smithfield QLD 4878

Smithfield is a family-oriented suburb where 44% of households are couples with children, driving strong demand for three-bedroom houses. The median house price is approximately $760,000, supported by robust annual growth of around 9-10%. The market is active, with high annual sales volumes and a median of 28 days on market for houses. Future supply from development approvals is a key factor to monitor, alongside varying affordability indicated by a broad price range.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

-

Land

491m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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