27 Milkman Way Kawungan QLD 4655

27 Milkman Way Kawungan QLD 4655
4 bed house on 770mΒ² |Recently sold $320k |Now listed $1.1M |Under offer in 4 days|This four-bedroom house on a 770sqm block suits growing families prioritizing school access and spacious backyard living. The generous land size provides ample room for extensions, pools or simply low-maintenance outdoor space, setting it apart from smaller lots nearby. Positioned on a quiet street, it blends seamlessly with family-oriented homes while offering double garaging for practical vehicle storage. Its recent sale at $320k last year underscores sharp value growth, likely fueled by local demand for larger blocks amid limited supply. Buyers drawn to similar properties here are typically upsizers from units or townhouses, seeking stability for school-aged kids given the walkable distance to Kawungan State School. In the local market, four-bed houses on 700mΒ²-plus land have traded briskly around $800k-$1.2M, with this one’s quick under-offer status signaling competitive interest. The double parking and established build enhance everyday usability without the unknowns of new estates. Long-term, the land’s scale supports holding value as Kawungan evolves, appealing to those planning multi-generational occupancy or future renos. Market dynamics favor properties like this for steady appreciation over flashier smaller homes.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

KawunganΒ’s market is underpinned by a median house price around $765k, rental yields near 4.2%, and tight house-only stock that keeps buyers focused on family-friendly blocks near schools and Hervey Bay amenities. Risks include a high building approvals ratio that could swell supply and a Years-to-Own near 56 years, while steady rental growth and short days on market give investors and owner-occupiers confidence in capturing future gains. Price momentum in the last six months has stayed positive, with sub-one-month inventory and 36 days on market keeping sellers in the driverΒ’s seat and nudging values slightly higher.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

770mΒ²

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