90 Harbourne Street, Koongal QLD 4701
90 Harbourne Street, Koongal QLD 4701
3-bedroom, 1-bathroom lowset house | 582mยฒ lot with side access | no neighbour on one side | Lakes Creek State School catchment
This property offers a rare configuration edge for its price point: the combination of side access, a generous 582mยฒ lot, and the privacy of no neighbour on one side positions it well above typical entry-level stock in Koongal. The 163mยฒ building area is larger than most comparables, and the split system air conditioning in the main bedroom and living room addresses the key comfort requirement for owner-occupiers. It serves best a first home buyer wanting room to grow or an investor seeking above-median rental demand from families who value the school catchment and the functional layout over cosmetic finish.
The primary risk is the dated single-bathroom layout, which will limit appeal to some buyers and may require a future renovation to unlock full resale value. The current listing price sits below the estimated market value range, offering a potential entry discount, but the quick prior sale at $505,000 suggests the market has not fully re-rated this location yet. The rental yield is solid at around 5 percent, making it viable as a hold-and-renovate play or a long-term hold for capital growth as the area matures.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Koongal presents a robust entry-level market, driven by demand from young working families seeking affordability within a stable regional hub. Recent house price growth has been exceptionally strong, with a highly active sales environment and low days on market indicating sustained buyer competition. Future performance is underpinned by this solid demand, though modest rental yields and a slight historical population decline present considerations for long-term investment.