With a capital gain of -5.82% for the last 12 months, Nundah, 4012 has performed for property investments than its average annual 5.52% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nundah has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Nundah should be aiming for at least -5.16% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Nundah being $671000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.49%
Property value increases in Nundah have tracked lower than the QLD average of 0.98% over the last 12 months.
While Nundah,4012 ranked number 317th in QLD for increase in median house value (annualised) increase, it is ranked 135th over the last 5 years.
Property buyers and investors in Nundah 4012 should be seeing an average reduction in asking price of around -5.03% . This means that Nundah is holding prices well when compared to other suburbs in QLD.
At number 663 in a list of fastest selling suburbs, Nundah is just in the top half of suburbs in Australia with an average of days on market 73.78 for properties listed there.
Nundah, 4012’s gross rental yield is 4.99%