Fortitude Valley has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -4.40% to date .
Fortitude Valley,4006 was ranked 1148 in Australia by increase in median property value over the quarter.
At number 71th of QLD’s most discounted properties, Fortitude Valley is in the bottom 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 16.00 sales per month, which equates to 192 per year.
Renters in Suburb are facing rents around $5460 per annum or $455 every week.
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.