Giving property investors a a solid capital gain of 13.04% for the last year, Kelvin Grove, 4059 is the 808th highest performer in Australia in this respect.
A 43.73% growth in median value for property investors in Kelvin Grove,4059 puts this suburb at number 448th in terms of best performing suburbs in QLD
Sellers are offering property buyers an average discount of -6.66% to buyers in Kelvin Grove at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in Kelvin Grove the average time real estate has been on the market is 38.85 days.
Situated 2.82km from the CBD, Kelvin Grove is one of Brisbane localities in the postcode 4059.
Property investors who have had real estate in Kelvin Grove, 4059 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -9.26%
The five-year average increase in median property values for Kelvin Grove,4059 has given property investors a potential capital gain of -6.61% across each of those five years.
Our latest figures would indicate that property sellers in Kelvin Grove are currently offering property investors an average price cut of -6.26% below the asking price at the moment.
Advertised rents are around the $425 mark per week – giving a return of 5.13% based on the median price in Suburb
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