Property value increases in Bowen Hills have tracked just lower than the QLD average of 0.65% over the last 12 months.
A 5.70% growth in median value for property investors in Bowen Hills,4006 puts this suburb at number 297th in terms of best performing suburbs in QLD
The most recent median price for Bowen Hills is $439175, with sellers offering an average of -8.76% off the asking price.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 1.65%, investors should hope to achieve an overall return of 5.21%
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
Information supplied by:
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%.