42 Burke And Wills Drive, Gracemere QLD 4702
42 Burke And Wills Drive, Gracemere QLD 4702
4-bed family house | standard suburban configuration | established detached home | built-in storage confirmed | likely owner-occupier buyer draw
This is a four-bedroom, two-bathroom detached house with open-plan living and built-in storage, a configuration that directly matches the most common family housing typology in Gracemere. Its strength lies in being broadly typical rather than exceptional, which means it appeals to the largest segment of owner-occupier buyers and household upgraders seeking straightforward suburban accommodation. The property serves best as a functional family home in a street dominated by similar detached stock, offering no surprises in layout or format.
The 2015 sale record of $320,000 provides a historical baseline, while the current price expectation reflects a significant market shift over that period. Value considerations include the absence of verified land size, which may affect price comparison with other houses, and unconfirmed features such as air-conditioning, outdoor entertaining, or car accommodation that could influence perceived worth. The lack of verified build year, aspect, and flood status means these factors should be investigated before forming a final view on price.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 42 Burke And Wills Drive, Gracemere QLD 4702
Market Insight:
Gracemere is a high-growth regional suburb driven by young families, with a median house price of ~$625,000. Demand is anchored by trades-based owner-occupiers, evidenced by a 58.6% ownership rate and strong sales velocity (11 days on market). House prices surged ~22% annually, supported by significant population growth. Future drivers include sustained family demand and tight rental yields of 4.74%. A key constraint is the limited unit market, indicating supply pressures as house prices rise against a $1,711 weekly household income.