12 Burke And Wills Drive, Gracemere QLD 4702

12 Burke And Wills Drive, Gracemere QLD 4702
4 bed house on 660m² | family configuration in Gracemere | detached suburban format | school catchment location A four-bedroom, two-bathroom house on a 660-square-metre lot is a well-proportioned family configuration that is consistently sought in Gracemere. The detached format with two-car accommodation aligns with what owner-occupiers and young families typically prefer in this outer Rockhampton corridor. This property sits within a low-density suburban setting where school catchment access to Gracemere State School and Rockhampton State High School adds practical appeal for households with children. The land size supports outdoor space without excessive maintenance, which suits buyers balancing space with manageability. The absence of verified build year or finish-grade information means the property’s actual condition may influence its market position more than its configuration alone. If the interior finishes, kitchen, and bathrooms are original or unrenovated, the price may need to reflect a refurbishment allowance. Conversely, updated finishes could strengthen its value relative to similar houses in the area. The land size and house format are standard for the suburb, so differentiation will come from the quality of the improvements and the street presentation. Buyers should weigh the cost of any potential upgrades when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 12 Burke And Wills Drive, Gracemere QLD 4702
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk 2
Income Risk
Execution Risk
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Gracemere QLD 4702

Gracemere is a high-growth regional suburb driven by young families, with a median house price of ~$625,000. Demand is anchored by trades-based owner-occupiers, evidenced by a 58.6% ownership rate and strong sales velocity (11 days on market). House prices surged ~22% annually, supported by significant population growth. Future drivers include sustained family demand and tight rental yields of 4.74%. A key constraint is the limited unit market, indicating supply pressures as house prices rise against a $1,711 weekly household income.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

660m²

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