At number 1180th in the list of Australian suburbs ordered by increase in median house value over the last year, Bowen Hills, 4006 is in the BOTTOM 40% with a property value increase of -0.58% recorded in median house prices.
Over the longer term, Bowen Hills has seen property prices show investors a 1.90% return over the last 3 years. This is worse than over the last 12 months
Bowen Hills4006 is located in QLD which offers an average discount of -5.79% to property investors. Bowen Hills itself is showing figures that indicate -6.09% is the average achievable by property buyers investing in the suburb.
At number 655 in a list of fastest selling suburbs, Bowen Hills is just in the top half of suburbs in Australia with an average of days on market 71.02 for properties listed there.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 5.35%, without taking into account capital value appreciation, which has been averaging out at 1.87%.
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%.