Fortitude Valley is in the bottom 20% in QLD when comparing median price capital growth over the last year. Fortitude Valley gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.53%.
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 fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Fortitude Valley 4006 should be seeing an average reduction in asking price of around -6.44% . This means that Fortitude Valley is holding prices well when compared to other suburbs in QLD.
Residents and property investors in Fortitude Valley have been waiting around 81.22 days to sell a property.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.57%, without taking into account capital value appreciation, which has been averaging out at 2.56%.
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.