Greenslopes is an average performer in QLD when comparing median price capital growth over the last year. Greenslopes gave property investors a average capital gain figure when compared to the rest of the state, with 2.43%.
Over the longer term, Greenslopes has seen property prices show investors a 25.64% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Greenslopes is offering property investors an average of -7.24. This rate of discount on properties puts Suburb at number 610th in terms of most discounted suburbs in QLD
In the last year 105 properties changed hands in Greenslopes, which puts it as the 226th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $5400 per annum or $450 every week.
Greenslopes is in the TOP 10% in QLD when comparing median price capital growth over the last year. Greenslopes gave property investors a very good capital gain figure when compared to the rest of the state, with 15.55%.
The five-year average increase in median property values for Greenslopes,4120 has given property investors a potential capital gain of 37.32% across each of those five years.
Sellers are offering property buyers an average discount of -5.25% to buyers in Greenslopes at the moment, which is less than average for the rest of QLD.
At number 508 in a list of fastest selling suburbs, Greenslopes is in the TOP 40% of suburbs in Australia with an average of days on market 65.48 for properties listed there.
Greenslopes, 4120’s gross rental yield is 4.01%
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.”