With a capital gain of 8.50% for the last 12 months, Kelvin Grove, 4059 has performed for property investments than its average annual 6.97% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Kelvin Grove comes in at number 81th in QLD.
Sellers are offering property buyers an average discount of -3.98% to buyers in Kelvin Grove at the moment, which is less than average for the rest of QLD.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.13%, without taking into account capital value appreciation, which has been averaging out at 6.97%.
QLD has seen average median house prices change by 0.98% which means that Kelvin Grove, 4059 has done well for property investors by showing a capital gain of -8.37% over the last year
Kelvin Grove,4059 has offered an average of -8.37% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Kelvin Grove is giving property investors an average Vendor Discount of around -5.69%. This puts suburb at number 164th in QLD when ranking the most discounted suburbs.
The QLD suburb of Kelvin Grove, 4059 is in the Brisbane local government area.
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