If you compare the increase in value of investment property in New Farm, 4005 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 17.01%.
New Farm,4005 has offered an average of 17.01% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -7.96% to buyers in New Farm at the moment, which is less than average for the rest of QLD.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
Giving property investors a an unimpressive capital gain of -3.80% for the last year, New Farm, 4005 is the 1372th highest performer in Australia in this respect.
The five-year average increase in median property values for New Farm,4005 has given property investors a potential capital gain of 4.80% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in New Farm, 4005. Typically our figures indicate that -6.13% is being offered, which puts this QLD suburb at 421th most discounted overall in Australia.
On average over the past year, suburb has had 21.25 sales per month, which equates to 255 per year.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 4.44%, investors should hope to achieve an overall return of 4.01%
An inner suburb of Brisbane is currently seeing average annual growth of 13%. Blessed with excellent public transport and an abundance of restaurants and shops, it brims with investment potential. Read on to find out what suburb it is.Full summary
Information supplied by:
New Farm is an inner city suburb of Brisbane with excellent public transport option and an abundance of restaurants and shops. Formerly dominated by Italian migrants, the suburb has since undergone gentrification and has become one of the most desirable suburbs in Brisbane.
Josh Brown, research analyst with PRDnationwide says the suburb is particularly attractive to younger residents because they are well-positioned and are close to the Brisbane CBD.
“There’s been a lot of developments in these areas and they’ve become trendy suburbs with lot of cafes and bistros and they’re close to shopping district and features that appeal to young professionals,” he says.
Median house price stayed stagnant up until around 2002 when it jumped to more than double in 2005. Price peaked at $1,140,000 around June 2008. It fell sharply in 2009 but it has bounced back since to its current level.
Looking ahead, Brown says future growth in house price might be slower than the rate it has recorded over the past 30 years because growth has already been substantial growth and there’s already significant amenity in the area.
“Unless there’s a large scale development going into the area that doesn’t impede the existing residence that can affect value, then growth would be lower than the previous decades.”