1/37 Hackett Terrace, Richmond Hill QLD 4820
1/37 Hackett Terrace, Richmond Hill QLD 4820
2 bed unit in small complex | strong rental yield market | low-cost entry point | established low-density suburb | data-light pricing
This unit sits in a compact low-rise complex where two-bedroom units are the standard format, making it a straightforward entry into Richmond Hill’s more affordable housing tier. The immediate street mixes small unit clusters with larger detached homes, so the property appeals most to first-home buyers or investors seeking dependable rental demand rather than capital growth speculation. Its configuration aligns with the area’s proven yield pattern, where similar units have transacted at modest prices but commanded solid weekly rents, suggesting the unit’s value lies in income generation rather than land content. The suburb’s established, quiet character reinforces this as a practical, low-fuss purchase for someone prioritising affordability and occupancy over prestige.
The unit’s value may be shaped by its internal condition, which is not clearly established, and by the age of the building, which appears older and lower-spec than newer stock. The compact land entitlement typical of this complex might limit future redevelopment upside, though it also keeps maintenance costs low. Buyers should weigh the thin sales history for this exact unit against the stronger transaction evidence from comparable units in the same building, as price discovery may be less transparent here than in more actively traded streets.
|| Comparable Sales: 6/37 Hackett Terrace sold $155,000 Jul 2024; 10/30-32 sold $230,000 | Property Price Band: $150K–$250K | Value Drivers: internal condition, building age, rental yield potential
Detailed Independent Property Report prepared by PropCred Analyst team for 1/37 Hackett Terrace, Richmond Hill QLD 4820
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Richmond Hill is being driven by strong rental demand, attractive gross yields and relative affordability compared with larger North Queensland centres, which is drawing investors and local buyers. Prices have trended upward over the past six months with solid quarterly gains and double‑digit annual growth; risks include dependence on the regional economy and limited supply that can amplify short‑term volatility, while growth opportunities hinge on continued North Queensland population and employment expansion.
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PropCred Estimated Value
Comparable Sales: 6/37 Hackett Terrace sold $155,000 Jul 2024; 10/30-32 sold $230,000 | Property Price Band: $150K–$250K | Value Drivers: internal condition, building age, rental yield potential
Bedrooms
2
Bathroom
1
Parking
1
Land
130m²
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