2 Midmar Court, Keperra QLD 4054
2 Midmar Court, Keperra QLD 4054
5-bed family house | 607 m² in owner-occupied court | Ferny Grove catchment | larger than Keperra norm | family-upsizer fit
The property’s main competitive strength is its configuration—five bedrooms on a 607 m² block places it above Keperra’s typical three-bedroom stock, making it a rare fit for larger families who want room to grow without leaving the suburb. The court location, with 95% owner-occupancy, points to a stable, low-turnover street where neighbours are likely long-term residents. This house serves best a family buyer prioritising space and school catchment over modern finishes, as the listing confirms size and layout but not renovation quality. Its position in the upper tier of Keperra’s dwelling mix suggests it will appeal to those trading up from smaller homes, and the detached-house format with two parking spaces meets core family needs. The school zone adds practical value for buyers with school-age children.
The absence of verified build year or fitout details means the property’s price may hinge on how its interior condition compares to expectations for its age. A 1955 example nearby on a larger block suggests older houses with substantial land exist in the area, so this property’s value might be supported more by land and layout than by modern amenities. The 2.9% rental yield signal in the suburb points to moderate investor interest, so the buyer pool is likely owner-occupier driven, which may stabilise demand. The 607 m² size offers redevelopment or extension potential, though overlays and slope are unconfirmed—these factors might influence how much a buyer pays for future flexibility. Condition, presentation, and any recent upgrades will likely carry more weight than raw land size in final pricing.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Midmar Court, Keperra QLD 4054
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Keperra, a northwest Brisbane suburb, is a professionals’ market, with younger high-income earners fuelling demand. House values have climbed 16-17% in a year to a $1.14 million median, selling in 11-24 days on average, with annual sales volume between 101 and 113—evidence of firm competitive conditions. Transport links and the Quarry development underpin buyer interest, while tight supply keeps the market moving. The unit market, however, is stagnant, with no price change and negligible turnover; unit rents are unchanged, though yields are 3.7% above Brisbane’s average. Growth risks centre on affordability: household income trails the greater Brisbane average, while house rental yields sit 0.6% below the city benchmark, potentially capping price appreciation.
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PropCred Estimated Value
Comparable Sales: 7 Hanran Street sold at 5-bed, 2-bath, 3-car on 810 m²; 33 Corrigan Street sold at 2-bed, 1-bath, 1-car on 668 m² | Property Price Band: $900K–$1.0M | Value Drivers: land size, bedroom count, court location, school catchment
Bedrooms
5
Bathroom
2
Parking
2
Land
607m²
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