Kelvin Grove, 4059 ranked 99th in QLD when comparing growth in median property values or capital gain over the last 12 months. Kelvin Grove is one of 2415 in our list for QLD
While Kelvin Grove,4059 ranked number 424th in QLD for increase in median house value (annualised) increase, it is ranked 44th over the last 5 years.
Property buyers and investors in Kelvin Grove 4059 should be seeing an average reduction in asking price of around -6.48% . This means that Kelvin Grove is holding prices well when compared to other suburbs in QLD.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 5.24%, investors should hope to achieve an overall return of 3.06%
Giving property investors a a poor capital gain of -12.36% for the last year, Kelvin Grove, 4059 is the 1612th highest performer in Australia in this respect.
Kelvin Grove,4059 has offered an average of -12.36% return per annum in house price rises to property investors over the last three years.
At number 143th of QLD’s most discounted properties, Kelvin Grove is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 7.17 sales per month, which equates to 86 per year.
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