24 Murphy Road, Zillmere QLD 4034

24 Murphy Road, Zillmere QLD 4034
4 bed, 2 bath, 5 car house | 627 m² mid-sized block | Zillmere family belt | Strong parking edge | Detached, established suburb This property holds a clear competitive edge in its parking provision—five car spaces is uncommon for a standard family house and immediately appeals to households with multiple vehicles, tradies, or caravan owners. The 627 m² block sits comfortably within the local norm, offering usable yard space without the maintenance burden of a larger lot. It serves best a family buyer seeking a functional, detached home with room to grow, or an investor targeting steady rental demand in a commuter-friendly suburb with schools, rail, and shopping within reach. The house’s value may be shaped by its internal condition and layout, which are not fully verified from available data. Its mid-sized land positions it competitively against both smaller and larger blocks nearby, meaning price will likely hinge on how well the interior matches current buyer expectations for finishes and flow. The five-car capacity could add a premium for the right buyer, but may be neutral for those prioritising garden space. Zoning variations along Murphy Road might influence long-term appeal, so a buyer should weigh street-specific amenity and future development potential when forming a view on price. || Comparable Sales: 143 Murphy Road sold $1.05M (916 m²); 139 Murphy Road indicated $900k (551 m²) | Property Price Band: $900k–$1.0M | Value Drivers: parking capacity, land size relative to street, internal condition
Detailed Independent Property Report prepared  by PropCred Analyst team for 24 Murphy Road, Zillmere QLD 4034
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk
Income Risk
Execution Risk 2
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Market Insight

Zillmere is a Brisbane suburb where demand is anchored by professionals aged 30-39 and childless couples; over half of residents rent. House price growth spans -4.5% to 18.6% across sources, with medians from $697,000 to $965,000; units have grown 10.5-18.3%, with medians from $449,000 to $680,000. Market conditions favour sellers: houses sell in 10-28 days and annual sales total 94-136. Rental yields remain moderate—houses 3.1-4.1%, units 3.6-5.3%. Quick turnover, a high renter share, and sustained sales volumes point to robust demand from both investors and owner-occupiers. One constraint is conflicting price data: one source shows a 4.5% house decline; other sources show growth. Future growth appears supported by young professional demand; the lack of affordability, supply, and rate-sensitivity data leaves those risks unquantified.
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PropCred Estimated Value

Comparable Sales: 143 Murphy Road sold $1.05M (916 m²); 139 Murphy Road indicated $900k (551 m²) | Property Price Band: $900k–$1.0M | Value Drivers: parking capacity, land size relative to street, internal condition

Bedrooms

3

Bathroom

1

Parking

1

Land

627m²

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