At number 1508th in the list of Australian suburbs ordered by increase in median house value over the last year, Fortitude Valley, 4006 is in the BOTTOM 20% with a property value increase of -7.73% recorded in median house prices.
Fortitude Valley,4006 has offered an average of -7.73% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Fortitude Valley 4006 should be seeing an average reduction in asking price of around -8.02% . This means that Fortitude Valley is holding prices well when compared to other suburbs in QLD.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.56%, without taking into account capital value appreciation, which has been averaging out at 2.54%.
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.