8 Gibbard Street, Condon QLD 4815
8 Gibbard Street, Condon QLD 4815
Detached family house | mid-sized suburban lot | single-level ground access | steady rental demand near major employers | street sales $520k to $780k
The property is presented as a detached family house in a low-density Condon pocket. A ground-level, single-storey form on a mid-sized suburban lot is offered, consistent with the dominant stock on the street, which is characterised by fenced yards, outdoor entertaining areas, and access to major employment nodes. The main competitive edge is found in the combination of land content and steady rental demand, supported by proximity to James Cook University, Townsville University Hospital, and Lavarack Barracks. Families, health workers, defence personnel, and investors are drawn to this location. Street-level sales are observed to vary widely with condition and lot size, though the pocket itself is regarded as a functional family market.
Condition, build age, and internal layout may influence value more than street-level averages. A dated interior might be expected to place the property toward the lower end of the local band, while a well-presented home could command a premium. Land size and aspect may also shape buyer interest, with street blocks ranging from roughly 700m² to over 1,000m². Update costs should be weighed against the expected rental return for this pocket.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Gibbard Street, Condon QLD 4815
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Condon, a Townsville suburb, is a low-supply market with a mix of older and younger residents; 3–4 bedroom houses dominate sales. Annual house price growth has been exceptionally strong at 24.1–24.3%, lifting the median to $559,000–$575,000, while houses sell in 11–32 days. Demand is underpinned by local childcare, population growth of 1.99% since 2016, and rising incomes, though 45% of owners hold mortgages and a third of households rent, adding rate sensitivity. The 73–126 annual sales are robust for a suburb of 5,894 residents, but supply is thin: just 312 properties are for sale or rent combined, and the unit market is unproven with fewer than five sales. Future growth hinges on sustained owner-occupier demand, while affordability—ranging from $335,000 to $1.3 million—and limited rental data remain key constraints.
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PropCred Estimated Value
Comparable Sales: 32 Gibbard Street $780,000; 6 Gibbard Street $521,500 | Property Price Band: $550k-$650k | Value Drivers: condition, land size, internal layout
Bedrooms
3
Bathroom
1
Parking
1
Land
699m²
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