Suburb Profile

McDowall Buyers Agent’s Guide

Are you looking to purchase a home or investment property in McDowall? As a McDowallBuyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your McDowallproperty purchase!

McDowall Suburb Profile

McDowallis a leafy, family friendly suburb located 12km north of the Brisbane CBD. The suburb is highly sort after by tenants and home buyers because of its excellent primary school catchment. (McDowall State School is one of the highest ranked schools in the city).

McDowallis bordered by the suburbs of Everton Park, Everton Hills, Stafford Heights, Chermside West, Aspley, Bridgeman Downs and Albany Creek.

The population of McDowallin 2016 was around 7,228 and continues to grow. 78% of households in McDowallare owner occupied and consistent predominantly of professional couples (aged 40-49) with children.

McDowall’s main shopping and cafe precinct is located on the corner of Beckett Road and Hamilton Road.

The suburb isin the catchment area for McDowall State School and Craigslea State School. Northside Christian Collegeis an excellent local private school in nearby Everton Park.

Residents enjoy walking and picnicking in the Chermside Hills Reserve which is located in the north eastern corner of McDowall.

There are no major employers in the suburb and many residents commute to the Brisbane CBD for work

Looking to buy in McDowall?

Talk to expert McDowall Buyer’s Agents today

McDowall Properties

Housing type and typical block size

The vast majority (84%) of properties in McDowallare free standing houses. Most houses are single or double storey brick and were built in the 1980s and 1990s. A typical block size for this type of home is 600m2.

What can my money buy in McDowall?

McDowall House Prices

The median house price in McDowall is $669,500 which is around Brisbane’s median.

The median house price in McDowallwould typically buy a 3 bedroom, 2 bathroom house on a 600m2 block.

For example: 62 Raven Street McDowall – sold for $670,000 in January 2019 (click to view listing)

Buying a house in McDowall

McDowall Unit Prices

 

The median unit price inMcDowallis: $390,500

This amount would typically buy a 3 bedroom, 2 bathroom townhouse in a 1990s built complex.

For example: 18/960 Hamilton Road McDowall – sold for $390,000 in March 2019 (click to view listing)

Buying an Investment property in McDowall

How has the McDowall property market been performing?

In the last 5 years the median house price has increased by 19.5%. Over the last 10 years, house prices have increased by 3.2% per annum.

Units in McDowallhave seen more modest price growth. In the last 5 years the median price of units has decreased by 4.8%. On average, over the last 10 years unit prices have increased by 0.2% per annum.

Supply and demand characteristics for McDowall

  • Average Days on Market: Houses 51 days. Units: 140 days.
  • On average houses are selling 1% above their list price. Units typically sell 3% above their list price.
  • McDowall’s auction clearance rates are 50% for houses, and 0% for units.
  • The average rental yield for houses is 4.16%, compared to 5.34% for units.
  • There is a shortage of houses currently listed for sale (1.36%), (There is a large number of units currently listed for sale (25.72%)).
  • The rental vacancy rate for houses and units is 2.3%.

**Statistics are accurate for June 2019

Related Suburb Profiles

Thinking about buying a property in McDowall ?

Find a better property at an even better price. Leave your property buying journey with our buyer’s agents – we’re Your Property Hounds.