Greenslopes has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.59% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Greenslopes has increased when compared to the 5 year average annual rate.
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 -5.60% is being offered, which puts this QLD suburb at 2017th most discounted overall in Australia.
Situated 4.74km from the CBD, Greenslopes is one of Brisbane localities in the postcode 4120.
With a capital gain of 10.84% for the last 12 months, Greenslopes, 4120 has performed for property investments than its average annual 6.57% property growth over the last 5 years.
A 33.33% growth in median value for property investors in Greenslopes,4120 puts this suburb at number 296th in terms of best performing suburbs in QLD
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.15% offered to property buyers. Sellers in Greenslopes itself are offering an average vendor discount of -5.84% to real estate investors.
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.”