Property value increases in Hamilton have tracked just lower than the QLD average of 2.41% over the last 12 months.
Across a shorter period, Hamilton, 4007 has seen a median price increase of -12.06% over the last quarter.
Vendor discounting in Hamilton is giving property investors an average Vendor Discount of around -7.94%. This puts suburb at number 251th in QLD when ranking the most discounted suburbs.
Situated 4.87km from the CBD, Hamilton is one of Brisbane localities in the postcode 4007.
QLD has seen average median house prices change by 0.66% which means that Hamilton, 4007 has done well for property investors by showing a capital gain of -3.77% over the last year
Taking the average capital gain, or increase in median house value, Hamilton,4007 has racked up an average of -3.77% over the period. This ranks it number 1115th in the whole country for real estate investors looking at median house price increases.
At number 58th of QLD’s most discounted properties, Hamilton is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Hamilton have been waiting around 103.53 days to sell a property.
The suburb of Hamilton sits on the north bank of the Brisbane River just 7km from the Brisbane CBD. Its stock of apartments increased considerably over the past 12 months, reflecting the recent trend of property construction towards units.Full summary
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Apartment supply slows down wharf suburb
Median unit price: $550,000
Stock on market: 29.9%
12-month growth: -2.31%
The suburb of Hamilton sits on the north bank of the Brisbane River just 7km from the Brisbane CBD. Its stock of apartments increased considerably over the past 12 months, reflecting the recent trend of property construction towards units.
However, the added supply has affected demand, causing unit value to dip slightly and disrupting the positive growth that had been observed in the previous five years. The new downward trend seems to be continuing into the February 2017 quarter.
Nonetheless, Hamilton’s many developments may be able to get the suburb back on track. Portside Wharf is a lively precinct with restaurants, entertainment venues, shopping hubs and nightlife. Units have also been established here. Moreover, buses can get commuters to Brisbane in just 15 minutes.