9 Melway Crescent Harristown QLD 4350

9 Melway Crescent Harristown QLD 4350
Former display home | 936mΒ² lot | $849k asking price | Family-oriented locale This four-bedroom house on a 936 square metre block represents the type of established family property that typically attracts owner-occupiers seeking mid-range value in the Toowoomba region. The property’s origins as a Gordon Bourke display home suggest considered design principles and construction quality that may exceed standard tract housing. The generous land allocation provides flexibility for families wanting outdoor space, secure parking for two vehicles, and room for future improvements or extension. Located within Harristown’s residential pocket, the property sits in an area characterised by younger demographics and established services, with school catchments nearby that typically influence buyer interest patterns. Properties of this size and configuration in the area tend to appeal to growing families transitioning from smaller homes or relocating to the region for employment or lifestyle reasons. The asking price of $849,000 against an estimated value of $891,000 suggests the vendor is positioned competitively, though the gap between valuation and listing warrants scrutiny of recent comparable sales data. The property’s residential zoning and absence of bushfire or flood overlays remove significant encumbrances, reducing perceived risk for conventional lenders and investors. Market positioning for similar properties in this segment typically hinges on condition, street presentation, and proximity to amenities rather than land scarcity. The 936 square metre footprint is sufficiently large to appeal to buyers seeking space without entering acreage or rural categories, which often carry different cost structures and buyer pools. Long-term holding appeal centres on the property’s family functionality and the relative stability of the Toowoomba rental market, though appreciation patterns reflect broader regional economic conditions rather than locational exclusivity.

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

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Market Insight:

Harristown keeps selling fastΒ—154 houses traded last year with a 29-day median time on marketΒ—making it attractive to owner-occupiers and investors seeking ToowoombaΒ’s central corridor. Developer interest in large blocks and code-assessable infill is rising while vacancies stay tight, and prices continue to trend upward over the latest half-year with the house median near $700k after roughly 20% annual growth. Risks hinge on sudden new supply or rate shifts, yet tidy 4Β–5% yields and strong redevelopment appetite keep the growth levers working.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

936mΒ²

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