If you compare the increase in value of investment property in Mount Gravatt, 4122 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 3.25%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Gravatt has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Mount Gravatt should be aiming for at least -7.32% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 5.23%, investors should hope to achieve an overall return of 3.36%
At number 565th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Gravatt, 4122 is in the top 40% with a property value increase of 8.75% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Mount Gravatt comes in at number 66th in QLD.