At number 2618th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Gravatt East, 4122 is in the BOTTOM 40% with a property value increase of 1.61% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Mount Gravatt East comes in at number 161th in QLD.
Our latest figures would indicate that property sellers in Mount Gravatt East are currently offering property investors an average price cut of -5.25% below the asking price at the moment.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 5.58%, investors should hope to achieve an overall return of 3.80%
Giving property investors a an unimpressive capital gain of -0.22% for the last year, Mount Gravatt East, 4122 is the 1105th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Mount Gravatt East has given property investors a paper return of 0.00%. This puts Suburb as 165 on a list of fastest fasting appreciating suburbs in QLD
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Mount Gravatt East itself are offering an average vendor discount of -5.99% to real estate investors.
Advertised rents are around the $410 mark per week – giving a return of 4.72% based on the median price in Suburb