1/31 Phyllis Street, Harristown QLD 4350

1/31 Phyllis Street, Harristown QLD 4350
2 bed unit in Harristown | no price or history disclosed | active market context | limited comparable data This property presents as a straightforward entry-level unit in a suburb with an active residential market. The two-bedroom configuration with one bathroom and a single car space aligns well with first-home buyers or investors seeking lower-maintenance holdings in Toowoomba. Being listed on both domain and view suggests reasonable vendor intent to transact. The absence of disclosed pricing or sale history means a buyer’s negotiating position may be stronger if comparable sales in the immediate area can be established independently through recent settlements. The primary risk is the lack of strata information, floor plans, and renovation history, which could hide significant cost exposure from body corporate fees or deferred maintenance. The Harristown market includes many houses, so apartment demand may be thinner. However, this also means less competition for units and potential value if the property is well-positioned within walking distance to schools or shops. A building and pest inspection is essential before any offer. The opportunity lies in securing a foothold in a growing regional centre where house prices are higher, making well-located units a more accessible alternative.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/31 Phyllis Street, Harristown QLD 4350
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Harristown is a mature, high-growth suburb with a median house price near $690,000, driven by strong demand from established, higher-income households. Recent annual growth exceeds 22%, supported by very high sales volumes and houses selling in as few as 9 days, indicating a tight, active market. Future performance hinges on sustaining this momentum amid affordability constraints, with unit yields and growth showing greater volatility than the robust house segment.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

1009m²

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