Investment property in Bowen Hills has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.14%
Over the longer term, Bowen Hills has seen property prices show investors a -0.28% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bowen Hills, 4006. Typically our figures indicate that -9.05% is being offered, which puts this QLD suburb at 115th most discounted overall in Australia.
With the median price for a house in Bowen Hills being $445250 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 5.14%
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%.