Over the last year, property investments in Holland Park, 4121 have given investors a capital gain of 9.33%. This compares very favourably with the 2.38% for QLD as a whole.
Taking the average capital gain, or increase in median house value, Holland Park,4121 has racked up an average of 9.33% over the period. This ranks it number 1191th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Holland Park should be aiming for at least -4.83% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors who have had real estate in Holland Park, 4121 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.41%
When looking at the potential capital gains offered to property investors over the last 3 years, Holland Park comes in at number 80th in QLD.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Holland Park itself are offering an average vendor discount of -6.36% to real estate investors.
Residents and property investors in Holland Park have been waiting around 110.53 days to sell a property.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 4.40%, without taking into account capital value appreciation, which has been averaging out at 4.05%.
While it’s outside the inner-ring of Brisbane that has been performing so well recently, there are signs Holland Park is attracting attention.Full summary
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While it’s outside the inner-ring of Brisbane that has been performing so well recently, there are signs Holland Park is attracting attention.Close
On average, houses are spending 40 days on the market, which is shorter than most nearby suburbs, and Holland Park has also seen more houses sold over the past 12 months than its neighbours.
The median house price in Holland Park is also on the up, currently sitting at $645,000 after growing by 29% over the past three years.
In particular, Holland Park seems to be popular with young people; statistics from the ABS show the median age of residents in the suburb is 35, two years below the national median mark.
Around 10km from the Brisbane CBD, the amenities around Holland Park may have something to do with its attraction to young people.
Griffith University is close by; there are also a number of schools, while a nearby Westfield complex provides ample shopping opportunities.