29 Birrahlee Cres, Kirwan QLD 4817

29 Birrahlee Cres, Kirwan QLD 4817
3 bed 1 bath 1 car | 808 m² land | Larger than typical | Family suburb | School catchment The property is presented as a detached family house on a substantial 808 square metre block, a rare attribute for its price point. The three-bedroom, one-bathroom layout is considered functional and straightforward, appealing primarily to owner-occupiers seeking conventional suburban living. Its established location is known for practical access to local schools, shopping centres, and public transport, which underpins consistent demand from families and investors. The house is best suited to buyers who value land size and future flexibility over polished finishes or modern upgrades. The single-car garage is a noted limitation, though the block offers scope for landscaping or extension when council conditions are favourable. The value of the property may be influenced by the condition of the existing dwelling, which might require modernisation or may already present acceptable finishes. A premium could be attached to the substantial land size by buyers seeking future extension or subdivision, though that potential is subject to local zoning and overlay rules. Insurance premiums might be impacted by flood risk, which is known in parts of this suburb. Steady demand from families and investors is observed, with rental yields around 4 percent providing a pricing anchor. The orientation and usability of the outdoor space might also be considered by buyers. >> Comparable Sales: 9 Kentucky Court Kirwan 3 bed sold $278,000 Aug 2013 | Property Price Band: $600,000-$700,000 | Value Drivers: 808 m² land size, functional layout, school catchment
Detailed Independent Property Report prepared  by PropCred Analyst team for 29 Birrahlee Cres, Kirwan QLD 4817
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ✕ 2
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Market Insight

Kirwan, a mature Townsville suburb, is capturing strong investor and owner-occupier interest. Demand is underpinned by a tight rental market: a 5:1 applicant-to-room ratio, only 33 rental listings, and house rents up 7.8% annually. The median house price spans $600,000–$660,000, with growth tracking between 17.6% and 19.6% across 438–464 sales in the past year. Units are outperforming, up 45.1% on a $515,000 median (57 sales). Houses sell in 14–16 days, and gross yields sit at 4.9% for houses and 5.3% for units. Future momentum relies on constrained supply-just 19 properties listed for sale-and an affluent local base with household income 11% above regional Queensland. Key risks include high leverage: 57% of owners hold mortgages, leaving the market sensitive to rate shifts and affordability constraints.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

809m²

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