Over the last year, property investments in Algester, 4115 have given investors a capital gain of -1.20%. This compares badly with the 2.41% for QLD as a whole.
Taking the average capital gain, or increase in median house value, Algester,4115 has racked up an average of -1.20% over the period. This ranks it number 2411th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Algester should be aiming for at least -2.84% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Algester the average time real estate has been on the market is 44 days.
Situated 16.02km from the CBD, Algester is one of Brisbane localities in the postcode 4115.
Property value increases in Algester have tracked close to the QLD average of 0.66% over the last 12 months.
Over the longer term, Algester has seen property prices show investors a 0.66% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Algester are currently offering property investors an average price cut of -5.35% below the asking price at the moment.
Residents and property investors in Algester have been waiting around 86.66 days to sell a property.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.