Investment property in Ellen Grove has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.43%
Ellen Grove, 4078 is offering QLD ‘s 246th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
Ellen Grove is in the bottom 40% in QLD when comparing median price capital growth over the last year. Ellen Grove gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.56%.
While Ellen Grove,4078 ranked number 167th in QLD for increase in median house value (annualised) increase, it is ranked 307th over the last 5 years.
A $355 per week rent on the median house gives suburb investors a gross yield of circa 5.31%, without taking into account capital value appreciation, which has been averaging out at 0.41%.