Fortitude Valley, 4006 ranked 300th in QLD when comparing growth in median property values or capital gain over the last 12 months. Fortitude Valley is one of 2415 in our list for QLD
The five-year average increase in median property values for Fortitude Valley,4006 has given property investors a potential capital gain of -2.15% across each of those five years.
Property investors looking for a bargain in Fortitude Valley should be aiming for at least -8.39% off the asking price, which is the average vendor discount being achieved at the moment.
At number 957 in a list of fastest selling suburbs, Fortitude Valley is in the bottom 40% of suburbs in Australia with an average of days on market 89.57 for properties listed there.
The QLD suburb of Fortitude Valley, 4006 is in the Brisbane local government area.
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.