Property value increases in Holland Park have tracked close to the QLD average of 2.44% over the last 12 months.
Over the longer term, Holland Park has seen property prices show investors a 23.46% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Holland Park is giving property investors an average Vendor Discount of around -4.19%. This puts suburb at number 741th in QLD when ranking the most discounted suburbs.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.29%, without taking into account capital value appreciation, which has been averaging out at 6.18%.
Holland Park has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.59% to date .
Holland Park,4121 has offered an average of -2.59% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Holland Park is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 153th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 3.55%, investors should hope to achieve an overall return of 4.54%
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.