Bracken Ridge has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 6.67% to date .
Taking the average capital gain, or increase in median house value, Bracken Ridge,4017 has racked up an average of 6.67% over the period. This ranks it number 2139th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Bracken Ridge are currently offering property investors an average price cut of -4.96% below the asking price at the moment.
Bracken Ridge is 402th on a list of best yielding suburbs for rents in QLD with a 4.66% return
Property value increases in Bracken Ridge have tracked just higher than the QLD average of 0.98% over the last 12 months.
If we look at median property appreciation over just the last three months, Bracken Ridge has given property investors a paper return of -0.73%. This puts Suburb as 212 on a list of fastest fasting appreciating suburbs in QLD
The most recent median price for Bracken Ridge is $340000, with sellers offering an average of -3.66% off the asking price.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 1.66%, investors should hope to achieve an overall return of 5.66%