If you compare the increase in value of investment property in Bowen Hills, 4006 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.17%.
Comparing Bowen Hills,4006 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.97% offered to property buyers. Sellers in Bowen Hills itself are offering an average vendor discount of -7.43% to real estate investors.
Situated 1.82km from the CBD, Bowen Hills is one of Brisbane localities in the postcode 4006.
The inner-city suburbs of Brisbane have had a well-documented struggle as a result of the number of new apartments that have popped up in recent years, and Bowen Hills is no exception.Full summary
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The inner-city suburbs of Brisbane have had a well-documented struggle as a result of the number of new apartments that have popped up in recent years, and Bowen Hills is no exception.Close
In this suburb just 3km north of the Brisbane CBD, tenants are unlikely to struggle to find rental accommodation – its vacancy rate is currently 6.65%, according to Real Estate Investar.
There has been some improvement in the rental market though, as the vacancy rate has fallen from the 8.19% of 12 months ago.
Landlords who do manage to find a tenant are at least seeing decent rental returns, with yields currently sitting at 5%.
Investors will be hoping yields don’t fall any time soon, with capital growth conditions being relatively poor at the moment.
The median unit price currently sits at $426,000 and has only grown 3% in the last three years. The last 12 months alone have seen prices fall by 2%.