If you compare the increase in value of investment property in Kelvin Grove, 4059 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 5.44%.
When looking at the potential capital gains offered to property investors over the last 3 years, Kelvin Grove comes in at number 203th in QLD.
Sellers are offering property buyers an average discount of -2.97% to buyers in Kelvin Grove at the moment, which is less than average for the rest of QLD.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
Renters in Suburb are facing rents around $5880 per annum or $490 every week.
Kelvin Grove is in the bottom 20% in QLD when comparing median price capital growth over the last year. Kelvin Grove gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.63%.
Kelvin Grove,4059 has offered an average of -8.63% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Kelvin Grove is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 194th in terms of most discounted suburbs in QLD
Renters in Suburb are facing rents around $5100 per annum or $425 every week.
Kelvin Grove lies just 2km north of the Brisbane CBD, and is best known as the home of the Queensland University of Technology.Full summary
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Opportunities to buy seem to have become harder to find in Kelvin Grove over the past 12 months, according to Real Estate Investar.
Figures for the suburb in Brisbane’s northwest show that stock levels have fallen by 34.3% during that period.
Likely helping the suburb’s popularity with buyers is the fact that it’s home to the Queensland University of Technology Kelvin Grove Campus, making it a prime location for university students looking for accommodation.
Stock levels of both houses and units have fallen over the past year, although the conditions in these two markets have been different.
The median house price currently sits at $750,000, having grown 11% in the past year.
Units, on the other hand, are more affordable, at a median price of $475,000, but have only seen growth of 1% in the past 12 months.
The suburb is within walking distance of the CBD, and as such isn’t on any train lines. However, it is well served by local buses, and is within easy reach of the inner city bypass leading west out of the city, and linking to the M1 leading north and south. Streets are typically wide and tree-lined, and there are a number of parks in the area – as well as a golf course to the east of the suburb.
As you’d expect, it’s a student-heavy suburb: the ABS reports that 20% of the suburb’s population are in higher or technical education, and around half of the properties are rented. However, it’s also popular with young city and medical professionals, which make up 17% of the suburb's workersClose