26 Wirraway Drive, Parkhurst QLD 4702
26 Wirraway Drive, Parkhurst QLD 4702
New build on large land | bushfire overlay | high-growth suburb | 4×2 family home
This property presents a rare opportunity to acquire a newly constructed family home on a substantial block within the sought-after Edenbrook area, a configuration that is competitively strong against typically smaller, older stock in Parkhurst. The 2025 build on 1000m² offers immediate modern living with low maintenance, positioning it ideally for an owner-occupier seeking space or an investor targeting long-term capital growth in a developing corridor.
The primary decision hinges on the bushfire overlay, which imposes ongoing compliance costs and may constrain future improvements, slightly depressing its liquidity against unencumbered homes. However, the recent sharp land value increase signals strong underlying demand. Secure this property as a long-term hold; its scarcity as a new, large-block home in this location will outperform standard offerings over time.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Wirraway Drive, Parkhurst QLD 4702
Market Insight:
Parkhurst is a high-growth, family-dominated suburb with a young demographic and owner-occupier majority. Demand is driven by couples with children, supported by strong population growth and incomes well above the regional average. House prices surged 14-19% in the past year, with a median of $760k and rapid sales averaging just 9 days on market. Future growth is anchored by high owner-occupancy and demographic momentum, though the market is constrained by extremely low unit sales and rental supply, indicating limited diversity and potential rate sensitivity.