With a capital gain of 1.58% for the last 12 months, Bowen Hills, 4006 has performed for property investments than its average annual 1.95% property growth over the last 5 years.
A 4.55% growth in median value for property investors in Bowen Hills,4006 puts this suburb at number 165th in terms of best performing suburbs in QLD
Property buyers and investors in Bowen Hills 4006 should be seeing an average reduction in asking price of around -7.47% . This means that Bowen Hills is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Bowen Hills being $437000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 5.24%
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%.