29 Corella Drive, Gracemere QLD 4702
29 Corella Drive, Gracemere QLD 4702
Detached family house | Established street with newer builds | 4-bed suburban norm | Medium block around 700–800 m² | Family-oriented demand
This property sits within a street that consistently delivers modern detached family housing, with nearby examples showing four-bedroom layouts on medium suburban blocks. The configuration aligns with what most buyers in Gracemere seek — practical indoor-outdoor living, built-in storage, and room for a shed or side access. It serves families moving up from first homes, owner-occupiers wanting space without acreage, and investors targeting steady rental demand for newer stock close to Rockhampton. The street’s mix of established and recent builds adds character while maintaining a predictable, family-friendly environment.
Value may be shaped by how the house compares to the street’s newer product — finishes, garage capacity, and outdoor utility space could push it above or below the local norm. Land size and whether the layout supports a pool or shed will matter. The presence of newer estate development nearby might pressure resale if supply increases, but established blocks in this street tend to hold interest. Buyers should weigh condition against the higher-spec homes that have recently transacted.
|| Comparable Sales: 12 Corella Drive sold $860,000; 21 Corella Drive valued near $744,000 | Property Price Band: $700,000–$800,000 | Value Drivers: land size, garage capacity, condition relative to newer builds
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Corella Drive, Gracemere QLD 4702
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Gracemere, a regional Queensland suburb near Rockhampton, has a young demographic: the largest age group is under nine, and most households are couples with children in trades, with 58.6% owner-occupied. House prices have climbed about 21-22% annually to a $610,000-$640,000 median, selling in 9-12 days with 313 sales in the past year. Weekly house rents of $550 support a 4.74% gross yield; units yield 5.71%, though unit activity is thin. Population grew 6.3% from 2016 to 2021, signalling demand, and the suburb spans 70 square kilometres with 13 parks. Risks include affordability constraints—incomes are moderate against prices—and limited unit supply, which may temper future growth.
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PropCred Estimated Value
Comparable Sales: 12 Corella Drive sold $860,000; 21 Corella Drive valued near $744,000 | Property Price Band: $700,000–$800,000 | Value Drivers: land size, garage capacity, condition relative to newer builds
Bedrooms
3
Bathroom
2
Parking
2
Land
642m²
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