111 Stack Street Koongal QLD 4701
111 Stack Street Koongal QLD 4701
Parkside position boosts appeal|Highset design suits QLD climate|Last sold $145k now $529k ask|556mΒ² lot in school zone. This three-bedroom house on a 556sqm block fits first-home buyers or investors seeking low-maintenance living near parks and schools. The highset structure provides practical under-home storage and airflow, ideal for the region’s humid conditions while keeping the 139sqm footprint efficient on the lot. Positioned beside parkland with no neighbors on one side, it offers uncommon privacy and green outlook in a street of similar family homes. Buyers drawn to these neat, tidy setups often include young families prioritizing school catchments like Lakes Creek State just 1km away, or investors eyeing steady yields around 4.5 percent. Comparable three-bedroom houses on 500-600sqm lots in the area have seen 6.7 percent growth over the past year, with medians at $501,000 supporting this property’s search band of $485k-$534k. Its park adjacency and clean overlaysΒno flood, bushfire or heritage issuesΒenhance holding value for long-term owners. Updated features like air conditioning and solar panels align with modern expectations without overcapitalizing. In a market favoring functional homes over luxury, this one positions steadily for appreciation as local demand persists.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Koongal is riding strong affordability-driven demand, with investors and first-home buyers chasing stock as RockhamptonΒs job growth and Ring Road works keep listings shifting in about 11 days.) Median house values sit near $502k, about 13% higher year-on-year, and the past six months remain upward as tight listings and sub-two-month inventory keep pricing resilient.) Low IRSAD and a 32-year affordability stretch limit the buyer pool, yet contained local approvals and solid yields keep income-focused investors confident while upside stays moderate.)