At number 1921th in the list of Australian suburbs ordered by increase in median house value over the last year, Bracken Ridge, 4017 is in the top half with a property value increase of 5.90% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bracken Ridge has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Bracken Ridge should be aiming for at least -4.59% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 273 properties changed hands in Bracken Ridge, which puts it as the 21th most active market in QLD when comparing the number of sales per suburb.
Situated 16.21km from the CBD, Bracken Ridge is one of Brisbane localities in the postcode 4017.
Investment property in Bracken Ridge has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.29%
Over the longer term, Bracken Ridge has seen property prices show investors a 6.69% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Bracken Ridge is giving property investors an average Vendor Discount of around -3.07%. This puts suburb at number 295th in QLD when ranking the most discounted suburbs.
In the last year 36 properties changed hands in Bracken Ridge, which puts it as the 228th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.