Property value increases in Fortitude Valley have tracked lower than the QLD average of 0.65% over the last 12 months.
Taking the average capital gain, or increase in median house value, Fortitude Valley,4006 has racked up an average of -8.13% over the period. This ranks it number 1424th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Fortitude Valley is giving property investors an average Vendor Discount of around -7.48%. This puts suburb at number 66th in QLD when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Fortitude Valley the average time real estate has been on the market is 90.48 days.
A $445 per week rent on the median house gives suburb investors a gross yield of circa 5.54%, without taking into account capital value appreciation, which has been averaging out at 2.38%.
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.