24 Yellow Cedar Place, Palmwoods QLD 4555
24 Yellow Cedar Place, Palmwoods QLD 4555
4-bed family house | quiet Palmwoods pocket | strong street appeal | mid-range price point | family-home demand
This property holds a solid position in Palmwoods’ family-home market. Its four-bedroom, two-bathroom configuration suits growing households seeking a detached house with room to move, and the street’s newer residential character adds to its appeal. The prior sale at $860,000 suggests it sits below the higher-spec homes nearby, making it a realistic entry point for buyers who want the suburb’s lifestyle without paying for premium upgrades. It serves best those prioritising space, a quiet setting, and a practical layout over luxury finishes.
Value may hinge on how the house compares to upgraded neighbours that have sold well above it. Condition, land size, and any modernisation will likely shape its price more than location alone, since the street itself commands interest. Buyers should weigh whether modest updates are needed or if the home already delivers comfortable living. The absence of confirmed extras like a pool or solar might limit upside, but the core family configuration and block size provide a reasonable floor for interest.
|| Comparable Sales: 22 Yellow Cedar Place sold $1.27M; 43 Yellow Cedar Place sold $1.54M | Property Price Band: $800K–$900K | Value Drivers: condition, land size, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Yellow Cedar Place, Palmwoods QLD 4555
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Palmwoods sits in the hinterland with easy coast access and a village atmosphere, drawing families, downsizers and lifestyle buyers. Professionals dominate, 44% of households are couples with children, and 42% of buyers are purchasers; 1,841 active buyers support steady turnover of 108-128 house sales a year. Median house prices range from $1.01m to $1.155m across sources, with annual growth between 4.2% and 10.5%; houses sell in 16 to 57 days. House rental yield sits at 3.7%, with weekly rents around $720-$868. Strong school catchments and hinterland appeal underpin demand, but 54% of owners with mortgages signals rate sensitivity, and 6-12 rentals with 8-12 listings point to balanced stock. Unit data is insufficient to assess.
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PropCred Estimated Value
Comparable Sales: 22 Yellow Cedar Place sold $1.27M; 43 Yellow Cedar Place sold $1.54M | Property Price Band: $800K–$900K | Value Drivers: condition, land size, layout
Bedrooms
4
Bathroom
2
Parking
2
Land
720m²
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