Mount Gravatt East has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.42% to date .
Mount Gravatt East,4122 was ranked 1423 in Australia by increase in median property value over the quarter.
Vendor discounting in Mount Gravatt East is giving property investors an average Vendor Discount of around -5.80%. This puts suburb at number 491th in QLD when ranking the most discounted suburbs.
Situated 8.95km from the CBD, Mount Gravatt East is one of Brisbane localities in the postcode 4122.
Property investors who have had real estate in Mount Gravatt East, 4122 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 increase in value by 0.44%
Over the longer term, Mount Gravatt East has seen property prices show investors a 6.67% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -7.82% to buyers in Mount Gravatt East at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 4.86%, investors should hope to achieve an overall return of 4.75%