Investment property in Bracken Ridge has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.16%
While Bracken Ridge,4017 ranked number 305th in QLD for increase in median house value (annualised) increase, it is ranked 263th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Bracken Ridge is offering property investors an average of -7.05. This rate of discount on properties puts Suburb at number 675th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 3.81%, investors should hope to achieve an overall return of 4.58%
At number 1605th in the list of Australian suburbs ordered by increase in median house value over the last year, Bracken Ridge, 4017 is in the BOTTOM 10% with a property value increase of -12.11% recorded in median house prices.
If we look at median property appreciation over just the last three months, Bracken Ridge has given property investors a paper return of -0.60%. This puts Suburb as 222 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Bracken Ridge should be aiming for at least -3.31% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 13.96km from the CBD, Bracken Ridge is one of Brisbane localities in the postcode 4017.