Greenslopes has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 7.50% to date .
Greenslopes,4120 has offered an average of 7.50% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Greenslopes is giving property investors an average Vendor Discount of around -5.60%. This puts suburb at number 517th in QLD when ranking the most discounted suburbs.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 5.14%, investors should hope to achieve an overall return of 3.08%
With a capital gain of 11.89% for the last 12 months, Greenslopes, 4120 has performed for property investments than its average annual 6.62% property growth over the last 5 years.
Comparing Greenslopes,4120 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Greenslopes, 4120 is offering QLD ‘s 178th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.
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.”