Investment property in Bowen Hills has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.46%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bowen Hills has increased when compared to the 5 year average annual rate.
Vendor discounting in Bowen Hills is giving property investors an average Vendor Discount of around -7.84%. This puts suburb at number 52th in QLD when ranking the most discounted suburbs.
Advertised rents are around the $440 mark per week – giving a return of 5.18% based on the median price in Suburb
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%.