If you compare the increase in value of investment property in Bowen Hills, 4006 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 7.20%.
Comparing Bowen Hills,4006 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Bowen Hills should be aiming for at least -8.62% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Bowen Hills the average time real estate has been on the market is 145.68 days.
The QLD suburb of Bowen Hills, 4006 is in the Brisbane local government area.
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%.