With a capital gain of 0.68% for the last 12 months, Greenslopes, 4120 has performed for property investments than its average annual 4.64% property growth over the last 5 years.
Across a shorter period, Greenslopes, 4120 has seen a median price increase of -1.97% over the last quarter.
Vendor discounting in Greenslopes is giving property investors an average Vendor Discount of around -5.31%. This puts suburb at number 552th in QLD when ranking the most discounted suburbs.
Greenslopes is in the TOP 30% 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 6.05%.
When looking at the potential capital gains offered to property investors over the last 3 years, Greenslopes comes in at number 71th in QLD.
Property buyers and investors in Greenslopes 4120 should be seeing an average reduction in asking price of around -5.94% . This means that Greenslopes is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Greenslopes being $456000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.22%
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.”