At number 782th in the list of Australian suburbs ordered by increase in median house value over the last year, Bowen Hills, 4006 is in the top half with a property value increase of 5.26% recorded in median house prices.
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.
Property investors looking for a bargain in Bowen Hills should be aiming for at least -7.43% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 136 properties changed hands in Bowen Hills, which puts it as the 73th most active market in QLD when comparing the number of sales per suburb.
Bowen Hills is 286th on a list of best yielding suburbs for rents in QLD with a 4.66% return
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%.