McDowall Buyers Agent’s Guide
Are you looking to purchase a home or investment property in McDowall? As a McDowall Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your McDowall property purchase!
McDowall is 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).
McDowall is bordered by the suburbs of Everton Park, Everton Hills, Stafford Heights, Chermside West, Aspley, Bridgeman Downs and Albany Creek.
The population of McDowall in 2016 was around 7,228 and continues to grow. 78% of households in McDowall are owner occupied and consistent predominantly of professional couples (aged 40-49) with children.
Shops, restaurants and entertainment
McDowall’s main shopping and café precinct is located on the corner of Beckett Road and Hamilton Road.
The suburb is in the catchment area for McDowall State School and Craigslea State School. Northside Christian College is an excellent local private school in nearby Everton Park.
Parks and Green spaces
Residents enjoy walking and picnicking in the Chermside Hills Reserve which is located in the north eastern corner of McDowall.
Housing type and typical block size
The vast majority (84%) of properties in McDowall are 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?
The median house price in McDowall is $669,500 which is around Brisbane’s median.
The median house price in McDowall would 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)
The median unit price in McDowall is: $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)
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 McDowall have 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
Check out McDowall’s Community Facebook page for some additional information on the suburb.
Thinking about buying a property in McDowall? Our McDowall Buyer’s Agent is more than happy to have a chat. Please contact us.
For information about other Brisbane suburbs click here.