Property investors who have had real estate in Bowen Hills, 4006 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.82%
Bowen Hills,4006 was ranked 975 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Bowen Hills is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 78th in terms of most discounted suburbs in QLD
Renters in Suburb are facing rents around $5280 per annum or $440 every week.
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%.