Heathwood Property Review

Heathwood’s real estate market is currently experiencing a period of steady growth, with a 4.2% increase in median house prices over the last year, bringing the median value to $900,000. This consistent upward trend, coupled with a relatively short median time on the market of 17 days, suggests a healthy demand for properties in the area. The significant jump in prices since 2020, when the median house price was $595,000, further underscores the market’s potential for solid returns on investment.

However, the decision to sell in Heathwood isn’t as straightforward as the numbers might suggest. While demand is evident, it’s crucial to consider the buyer demographic. With 73% of buyers being owners and 61% of households consisting of families, the market seems to be dominated by established homeowners and families looking to upgrade or relocate. This could mean that first-time buyers or investors seeking rental properties might face more competition and potentially higher prices.

Considering these factors, selling in Heathwood could be a viable option, especially if your property caters to the needs and preferences of the dominant buyer demographic. If you have a family-friendly home in good condition and are willing to price it competitively, you could attract strong interest and achieve a favourable sale. However it’s important to be realistic about the market condition and potential challenges. If you’re looking for a quick sale or are targeting a specific buyer group, you may need to adjust your expectations and tailor your marketing strategy accordingly.

5 Year Median Price Trend

Household Occupancy Information:

Key Stats About Heathwood:

2,796

Heathwood Population

923

Interested Buyers In Last 12 Months

58

Houses Sold in Last 12 Months

$900,000

Median House Price

Up 4.2%

Past 12 Month Growth

17 Days

Median Time On Market

Recently Sold in Heathwood:

SOLD - $1,070,000

25 The Avenue, Heathwood QLD 4110

SOLD - 520,000

2/119 Wadeville Street, Heathwood QLD 4110

SOLD - $1,650,000

143 Sanctuary Drive, Heathwood QLD 4110

SOLD - $1,280,000

8 Sandalwood Street, Heathwood QLD 4110

SOLD - $850,000

68 The Avenue, Heathwood QLD 4110

SOLD - $529,000

14/119 Wade Street, Heathwood QLD 4110

SOLD - $986,000

9 The Avenue, Heathwood QLD 4110

SOLD - $1,030,000

5 Rise Place, Heathwood QLD 4110

SOLD - $837,000

12 The Avenue, Heathwood QLD 4110

In Summary:

Heathwood’s real estate market is steadily growing, with median house prices reaching $900,000 after a 4.2% increase in the last year. Homes are selling relatively quickly, spending a median of 17 days on the market. The area primarily attracts establushed homeowners and families looking to upgrade or relocate, which makes it a potentially lucrative market for sellers who cater to this demographic. However, the market may present challenge for first-time buyers or investors looking for rental properties due to existing competition and higher price pit

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*Data As at May 2024

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