Fortitude Valley has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -1.96% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fortitude Valley has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Fortitude Valley is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 53th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Fortitude Valley the average time real estate has been on the market is 87.13 days.
Property investors should expect to get $460 weekly from the median priced house in this suburb.
An inner Brisbane suburb, Fortitude Valley is famous for its nightlife and entertainment featuresFull summary
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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.