At number 1922th in the list of Australian suburbs ordered by increase in median house value over the last year, Upper Mount Gravatt, 4122 is in the top half with a property value increase of 7.67% recorded in median house prices.
A 38.99% growth in median value for property investors in Upper Mount Gravatt,4122 puts this suburb at number 287th in terms of best performing suburbs in QLD
Our latest figures would indicate that property sellers in Upper Mount Gravatt are currently offering property investors an average price cut of -5.08% below the asking price at the moment.
Often selling an investment property can take time, and in Upper Mount Gravatt the average time real estate has been on the market is 44.85 days.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.24%, without taking into account capital value appreciation, which has been averaging out at 5.77%.
Over the last year, property investments in Upper Mount Gravatt, 4122 have given investors a capital gain of -1.92%. This compares badly with the 0.29% for QLD as a whole.
If we look at median property appreciation over just the last three months, Upper Mount Gravatt has given property investors a paper return of -0.61%. This puts Suburb as 212 on a list of fastest fasting appreciating suburbs in QLD
At number 35th of QLD’s most discounted properties, Upper Mount Gravatt is in the bottom 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 10.42 sales per month, which equates to 125 per year.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 2.72%, investors should hope to achieve an overall return of 4.97%