Greenslopes is an average performer in QLD when comparing median price capital growth over the last year. Greenslopes gave property investors a good capital gain figure when compared to the rest of the state, with 5.20%.
Comparing Greenslopes,4120 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -4.63% to buyers in Greenslopes at the moment, which is less than average for the rest of QLD.
Advertised rents are around the $450 mark per week – giving a return of 3.15% based on the median price in Suburb
QLD has seen average median house prices change by 1.12% which means that Greenslopes, 4120 has done well for property investors by showing a capital gain of 15.63% over the last year
Across a shorter period, Greenslopes, 4120 has seen a median price increase of 5.65% over the last quarter.
Our latest figures would indicate that property sellers in Greenslopes are currently offering property investors an average price cut of -5.02% below the asking price at the moment.
The QLD suburb of Greenslopes, 4120 is in the Brisbane local government area.
Greenslopes lies around 5km south of the Brisbane CBD and encompasses the Greenslopes Mall and Greenslopes Private Hospital. Road access to the city is good, via the Pacific Motorway, but the nearest train station is a couple of kilometres away at Fairfield.Full summary
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Greenslopes lies around 5km south of the Brisbane CBD and encompasses the Greenslopes Mall and Greenslopes Private Hospital. Road access to the city is good, via the Pacific Motorway, but the nearest train station is a couple of kilometres away at Fairfield.
Hot Property Specialists’ Liz Wilcox adds however that the bus options here are just as good, if not better, than nearby Holland Park’s thanks to Logan Road and the express busway.
Units here have an affordable median price tag and decent yields that are expected to rise in line with Brisbane’s tightening rental market.
Wilcox suggests that the area’s unit market will attract young professionals and healthcare workers, and with this in mind she recommends targeting the streets close to the hospital (just to the west of Logan Road) and the shopping centre (just to the east of Logan Road).
When it comes to what to buy, she suggests going for a modern or revamped unit to cater for tenant expectations and receive the best yields, as the old six-packs have “had their day.”