1/5 Mcgill Street, Raceview QLD 4305
1/5 Mcgill Street, Raceview QLD 4305
2-bed townhouse | ~124m² low-maintenance | modern 2010s fit-out | investor/downsizer demand | Raceview’s compact niche
This townhouse occupies a genuinely uncommon position in Raceview, where detached family houses dominate the market. Its modern early-2010s construction, rendered exterior, and open-plan interior with quality fixtures place it well above older unit stock, while the single-level layout and secure garage appeal directly to downsizers and investors seeking low upkeep without sacrificing contemporary comfort. The 124m² footprint is compact but efficient, and the alfresco area extends living space outdoors. For a couple or small family wanting a lock-and-leave home near schools and Ipswich services, this format offers a practical alternative to the suburb’s typical 4-bedroom houses, and its scarcity within the local mix may support steady interest from a narrower but committed buyer pool.
The property’s value may be shaped by its limited land size and single bathroom, which could constrain appeal for growing families compared to larger houses nearby. Its modern condition and finishes might justify a premium over older units, but the compact configuration may also limit upside if buyer demand shifts toward more spacious options. The absence of flood or bushfire overlays is a positive, and the established telecom infrastructure supports contemporary living. Buyers should weigh the trade-off between low-maintenance convenience and the resale flexibility that a larger lot or additional bathroom might offer, particularly if future household needs evolve.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/5 Mcgill Street, Raceview QLD 4305
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
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: 15A McGill Street (4-bed, 2012 build, rent $630–$660/wk) | Property Price Band: $600K–$700K | Value Drivers: modern condition, compact land efficiency, low-maintenance configuration
Bedrooms
2
Bathroom
1
Parking
1
Land
121m²
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