Kelvin Grove has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 11.68% to date .
Kelvin Grove,4059 was ranked 2417 in Australia by increase in median property value over the quarter.
At number 570th of QLD’s most discounted properties, Kelvin Grove is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Kelvin Grove the average time real estate has been on the market is 27.12 days.
With the median price for a house in Kelvin Grove being $836500 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.05%
Giving property investors a a poor capital gain of -7.89% for the last year, Kelvin Grove, 4059 is the 1515th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Kelvin Grove,4059 has racked up an average of -7.89% over the period. This ranks it number 1521th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Kelvin Grove is $438000, with sellers offering an average of -6.16% off the asking price.
At number 906 in a list of fastest selling suburbs, Kelvin Grove is in the bottom 40% of suburbs in Australia with an average of days on market 85.94 for properties listed there.
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