With a capital gain of -5.86% for the last 12 months, Fortitude Valley, 4006 has performed for property investments than its average annual 2.61% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Fortitude Valley comes in at number 271th in QLD.
Vendor discounting in Fortitude Valley is giving property investors an average Vendor Discount of around -7.17%. This puts suburb at number 66th in QLD when ranking the most discounted suburbs.
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.