At number 1720th 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 6.45% recorded in median house prices.
Ellen Grove,4078 was ranked 1602 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Ellen Grove should be aiming for at least -7.19% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1241 in a list of fastest selling suburbs, Ellen Grove is in the TOP 40% of suburbs in Australia with an average of days on market 66.36 for properties listed there.
With the median price for a house in Ellen Grove being $280500 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.93%
Property investors who have had real estate in Ellen Grove, 4078 should be relatively 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 -1.56%
While Ellen Grove,4078 ranked number 150th in QLD for increase in median house value (annualised) increase, it is ranked 304th over the last 5 years.
Ellen Grove is 173th on a list of best yielding suburbs for rents in QLD with a 5.39% return