Giving property investors a a poor capital gain of -4.78% for the last year, Fortitude Valley, 4006 is the 1400th highest performer in Australia in this respect.
While Fortitude Valley,4006 ranked number 293th in QLD for increase in median house value (annualised) increase, it is ranked 175th over the last 5 years.
Property buyers and investors in Fortitude Valley 4006 should be seeing an average reduction in asking price of around -7.00% . This means that Fortitude Valley is holding prices well when compared to other suburbs in QLD.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 2.94%, investors should hope to achieve an overall return of 5.50%
An inner Brisbane suburb, Fortitude Valley is famous for its nightlife and entertainment featuresFull summary
Information supplied by:
An inner Brisbane suburb, Fortitude Valley is famous for its nightlife and entertainment features.
It’s home to a number of high rise apartments, restaurants, clubs and retail shops.
It attracts the young crowd by virtue of its proximity to the city and university.
During the past 12 months, demand for units in Fortitude Valley appears to be ramping up.
According to the recent figures from CoreLogic RP Data, median unit values surged by 16% during that period.
Buyers who are priced out of New Farm ($551,000) and Newstead ($775,000) are attracted to the more affordable price points in Fortitude Valley ($488,000).
Just be mindful however that there’s a growing supply in the suburb.
According to Real Estate Investar, housing stock surged by a massive 48% during the past 12 months as vacancy rates rose above the 3% threshold to 4%.
Most sought-after properties: Apartments
Most common properties: Apartments
Top amenities: Shopping (Emporium, Gasworks, James St, etc), Chinatown, Café precinct, private and public schools, public transport, RNA showground, hospitals.
Local industry and business: Major employment hub including News Limited, Virgin Airlines and the Royal Brisbane hospital complex.
Public transport: Bus, Train and City Cat
Main arteries: Airport Link Tunnel connecting Fortitude Valley and Bowen Hills directly to the Brisbane Airport and northern suburbs.