8 Mahogany Street, Raceview QLD 4305
8 Mahogany Street, Raceview QLD 4305
Detached family house on large block | Established street with mixed 3–5 bed homes | Strong owner-occupier demand | Solid rental yield potential | Older stock likely needing updates
This property sits comfortably within Raceview’s established family housing market, where detached houses on generous lots are the norm. With surrounding homes typically offering three to five bedrooms and land around 800 square metres, this house should appeal strongly to families and upgraders seeking space, a yard, and a quiet suburban setting. The street’s mix of renovated and original homes means a well-presented property here can stand out, while the area’s consistent sales activity and rental demand suggest a stable, owner-occupied neighbourhood with genuine long-term appeal.
The age and condition of the house may be the most significant factors shaping its value. Older brick homes in this area often vary widely in renovation quality, so a buyer should weigh the potential cost of updates against the benefit of securing a large block in a sought-after street. The property’s final price may also be influenced by how its internal layout and floor size compare with newer or more recently renovated neighbours, as well as any scope to extend or improve the existing footprint.
|| Comparable Sales: 40 Mahogany Street sold for $900,000; 12 Mahogany Street sold for $590,000 | Property Price Band: $600,000–$900,000 | Value Drivers: land size, condition and renovation level, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Mahogany Street, Raceview QLD 4305
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Raceview, a young-family suburb with a largely Australian-born population and a predominant 0-9 age cohort, is positioned as an accessible owner-occupier market; 56% of households hold a mortgage, and incomes typically fall between $78,000 and $130,000, underpinning demand from trades and community-service workers. Houses have recorded 14.8% annual growth to a $710,000 median, while units sit at $590,000, with tight turnover of 11–19 days on market and roughly 176 sales over the past year. Rental demand is firm: house rents average $548–$588 weekly, growing about 7.5% annually, though unit rents are lower at $420. The suburb’s demographic stability and consistent sales velocity suggest sustained owner-occupier interest, yet its mild population contraction and lack of detailed infrastructure or school data leave limited visibility on long-term supply-side constraints.
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PropCred Estimated Value
Comparable Sales: 40 Mahogany Street sold for $900,000; 12 Mahogany Street sold for $590,000 | Property Price Band: $600,000–$900,000 | Value Drivers: land size, condition and renovation level, street position
Bedrooms
3
Bathroom
2
Parking
2
Land
607m²
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