Gulliver Renovator

Homer Blancaver
Updated 3 min read
12 Devon Street, Gulliver before renovation 12 Devon Street, Gulliver after renovation

Updated November 2026: we’ve added current Gulliver market figures from Stash and what has happened to 12 Devon Street since. The original deal details are kept as published.

Address

12 Devon Street, Gulliver, QLD 4812

Investment Strategy

Renovator

Development Timeline

12/06/2023
Property Purchased
$250,500
11/08/2023
Property Sold
$389,000

About the Property

Beautifully renovated and set on a generous 809m2 (approx) allotment, this high-set home pairs classic original features with modern new finishes.

Polished timber floorboards, high ceilings, and architectural wall paneling share space with a brand new kitchen, a renovated bathroom, new air-conditioners, front verandah, and more. The location is close to schools and the family will enjoy easy access to the back yard.

– High-set home with substantial renovations, set on an 809m2 (approx) allotment
– Open-plan design with new kitchen and appliances, living and dining area
– High ceilings, polished timber floors and vertical wall paneling
– Striking new bathroom, stylishly tiled
– New air-conditioners and ceiling fans throughout the home
– Brand new front veranda and beautiful new French doors leading into the living area
– Under-house laundry plus 2 separate and secure storage rooms, and under-house parking
– Quiet setting, walking distance to Townsville Christian College and Currajong State School

From the homely.com.au  listing

Development Stats

2023

Year of Development

28

days held

108

Gross Profit

About the Suburb

Nestled in the foothills of Mount Stuart, Gulliver, QLD 4812 offers a quiet and family-friendly atmosphere with promising investment potential. Here’s a snapshot of what makes Gulliver a compelling choice:

Demographics:

Population: 2,884, with a stable and growing community.
Dwellings: 1,233, primarily owner-occupied (65%) indicating a strong sense of community.
Age demographics: Skews slightly younger, attracting families and young professionals.
Real Estate Market:

Median house price: $326.5k, relatively affordable compared to neighboring suburbs.
Suburb growth: -2.5%, currently experiencing a slight correction after a period of rapid growth.
Rental yield: 6.6%, offering attractive returns for investors.
Vacancy rate: 0.3%, indicating high demand for rental properties.
Market absorption: 47%, indicating properties sell relatively quickly.
Lifestyle and Amenities:

Family-friendly atmosphere with parks, playgrounds, and childcare facilities readily available.
Convenient access to schools, including Townsville Christian College and Currajong State School.
Close proximity to major shopping centres, supermarkets, and restaurants.
Scenic location with stunning views of the surrounding mountains.
Relatively low crime rates, ensuring a safe and secure environment.
Investing in Gulliver:

Potential for capital appreciation in the long term due to its family-friendly appeal and proximity to amenities.
Strong rental yields, providing investors with a steady income stream.
High market absorption and low vacancy rates, ensuring quick property turnovers.

Gulliver today (November 2026)

Here’s how the Gulliver house market looks now, based on 58 house sales over the 12 months to the end of October 2026:

  • Median house price: $629,500 (Stash data, November 2026)
  • Change in median house price over 12 months: +10.4% (Stash data, November 2026)
  • Median house rent: $550 a week (Stash data, November 2026)
  • Median gross rental yield (houses): 4.6% (Stash data, November 2026)
  • Rental vacancy rate (houses): 1.4% (Stash data, November 2026)
  • Median days on market (houses): 29 (Stash data, November 2026)

Stash records no sale of 12 Devon Street since the $389,000 sale in 2023.

For comparison, the median Gulliver house now sells for $629,500.

See the latest numbers on the Gulliver suburb page, or use On Market Deals in Stash to find renovators listed below the suburb median. The charts below are from the original 2023 post.

Gulliver suburb median chart from Stash (2023 post)
Suburb Median
Gulliver vacancy rate chart from Stash (2023 post)
Vacancy Rate
Gulliver sales volume chart from Stash (2023 post)
Sales Volume

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