98 Mornington Parade, Burpengary East QLD 4505
98 Mornington Parade, Burpengary East QLD 4505
4 bed modern house | 400m² low-maintenance block | Northern growth corridor | Sold April 2024 at $725k | No easements or flooding
This property is competitively positioned as a modern family house on a manageable 400m² block in Burpengary East’s northern growth corridor. Its four-bedroom, two-bathroom configuration suits owner-occupiers seeking newer detached housing with reduced upkeep, while the absence of easements and flooding concerns adds practical appeal. The house serves buyers prioritising a low-maintenance lifestyle within an active turnover market, where 20-day average selling times indicate strong demand for this stock type.
The 2024 sale price of $725,000 may reflect the property’s position within a growth corridor where values are influenced by ongoing residential expansion. The modern finishes and smaller block size might appeal to a narrower buyer group than larger lots, potentially affecting resale speed. Buyers should weigh how the property’s configuration and location align with their long-term needs, as the lack of stated building age or aspect details could introduce uncertainty when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 98 Mornington Parade, Burpengary East QLD 4505
Checks found:
Value Risk
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2
Liquidity Risk
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1
Planning Risk
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2
Income Risk
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1
Execution Risk
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1
Insight: Burpengary East QLD 4505
Burpengary East is a high-growth, family-oriented suburb with a strong owner-occupier presence. Demand is driven by young families and trades professionals, supported by exceptional recent population growth. The housing market exhibits robust price appreciation and moves quickly, indicating sustained buyer competition. Future growth is underpinned by this demographic momentum and high owner-occupancy, though the market faces constraints from tight supply and a sales pace that can be inconsistent relative to the broader region.