At number 1849th in the list of Australian suburbs ordered by increase in median house value over the last year, Ellen Grove, 4078 is in the top half with a property value increase of 6.47% recorded in median house prices.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Ellen Grove itself are offering an average vendor discount of -10.43% to real estate investors.
Advertised rents are around the $310 mark per week – giving a return of 5.94% based on the median price in Suburb
Investment property in Ellen Grove has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.43%
The QLD suburb of Ellen Grove, 4078 is in the Brisbane local government area.