If you compare the increase in value of investment property in Kelvin Grove, 4059 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 10.43%.
Kelvin Grove,4059 has offered an average of 10.43% return per annum in house price rises to property investors over the last three years.
Kelvin Grove4059 is located in QLD which offers an average discount of -7.10% to property investors. Kelvin Grove itself is showing figures that indicate -7.32% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $5880 per annum or $490 every week.
With a capital gain of -9.37% for the last 12 months, Kelvin Grove, 4059 has performed for property investments than its average annual 2.92% property growth over the last 5 years.
The five-year average increase in median property values for Kelvin Grove,4059 has given property investors a potential capital gain of -1.60% across each of those five years.
Sellers are offering property buyers an average discount of -6.09% to buyers in Kelvin Grove at the moment, which is less than average for the rest of QLD.
In the last year 84 properties changed hands in Kelvin Grove, which puts it as the 116th most active market in QLD when comparing the number of sales per suburb.
Situated 2.56km from the CBD, Kelvin Grove is one of Brisbane localities in the postcode 4059.
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
Information supplied by:
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