1 Hamar Street, Goodna QLD 4300
1 Hamar Street, Goodna QLD 4300
High-set 1980s house | dual-living underhouse | family-demand suburb | 156% five-year growth
The propertyโs competitive strength lies in its dual-living configuration, with a large underhouse area offering immediate flexibility for extended family, home office, or income potential,features that command a premium in a suburb where 47.5% of households are owner-occupied and values have risen 156% in five years. The corner block, fully fenced yard, and separate rumpus room further differentiate it from typical three-bedroom offerings, making it best suited for families seeking space and investors targeting the strong rental demand from couples with children and labourer households. NBN FTTP and 5G coverage support remote work, reinforcing the propertyโs appeal in a growth corridor.
The primary risk is the single bathroom, which limits appeal to families and may cap rental growth; buyers should budget for a future second bathroom to unlock full value. The 2016 purchase price of $247,500 versus current estimates near $800,000 signals that most capital gain has already occurred, but the suburbโs sustained demand and limited new supply support further moderate appreciation. The granny flat potential, subject to council approval, offers a clear path to boost yield above the estimated 3.16%. Hold this property as a dual-use family home or convert the underhouse to generate supplementary income while the suburb matures.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1 Hamar Street, Goodna QLD 4300
Market Insight:
Goodna is experiencing a high-growth phase, with median house prices rising approximately 20% annually and units surging over 40%, indicating strong investor and first-home buyer interest. Demand is driven by robust sales activityโ188 houses sold in a yearโand a tight rental market where rents are rising sharply. Properties move quickly, with houses averaging just 15 days on market. Future growth is underpinned by this strong transactional momentum, though the market’s rapid price escalation suggests potential sensitivity to affordability constraints and interest rate changes.