At number 1265th in the list of Australian suburbs ordered by increase in median house value over the last year, Bowen Hills, 4006 is in the BOTTOM 30% with a property value increase of -1.91% recorded in median house prices.
Bowen Hills,4006 has offered an average of -1.91% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Bowen Hills is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 36th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Bowen Hills the average time real estate has been on the market is 94.73 days.
Bowen Hills is 199th on a list of best yielding suburbs for rents in QLD with a 5.24% 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%.