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 7.64%.
Across a shorter period, Greenslopes, 4120 has seen a median price increase of 4.39% over the last quarter.
Our latest figures would indicate that property sellers in Greenslopes are currently offering property investors an average price cut of -5.94% below the asking price at the moment.
In the last year 108 properties changed hands in Greenslopes, which puts it as the 214th most active market in QLD when comparing the number of sales per suburb.
Greenslopes, 4120’s gross rental yield is 3.23%
Investment property in Greenslopes has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.71%
If we look at median property appreciation over just the last three months, Greenslopes has given property investors a paper return of 0.26%. This puts Suburb as 155 on a list of fastest fasting appreciating suburbs in QLD
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Greenslopes, 4120. Typically our figures indicate that -4.61% is being offered, which puts this QLD suburb at 860th most discounted overall in Australia.
Residents and property investors in Greenslopes have been waiting around 54.75 days to sell a property.
With the median price for a house in Greenslopes being $391000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 4.99%
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.”