Greenslopes has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.63% to date .
Greenslopes,4120 has offered an average of 0.63% return per annum in house price rises to property investors over the last three years.
Greenslopes4120 is located in QLD which offers an average discount of -7.31% to property investors. Greenslopes itself is showing figures that indicate -6.24% is the average achievable by property buyers investing in the suburb.
In the last year 99 properties changed hands in Greenslopes, which puts it as the 231th most active market in QLD when comparing the number of sales per suburb.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 3.33%, without taking into account capital value appreciation, which has been averaging out at 5.51%.
Property investors who have had real estate in Greenslopes, 4120 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.72%
When looking at the potential capital gains offered to property investors over the last 3 years, Greenslopes comes in at number 27th in QLD.
LACK OF BUYER INTEREST may well be the reason that Greenslopes is offering property investors an average of -5.97. This rate of discount on properties puts Suburb at number 187th in terms of most discounted suburbs in QLD
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.14%, without taking into account capital value appreciation, which has been averaging out at 6.54%.
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.”