Upper Mount Gravatt has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.69% to date .
While Upper Mount Gravatt,4122 ranked number 301th in QLD for increase in median house value (annualised) increase, it is ranked 65th over the last 5 years.
Our latest figures would indicate that property sellers in Upper Mount Gravatt are currently offering property investors an average price cut of -4.43% below the asking price at the moment.
At number 498 in a list of fastest selling suburbs, Upper Mount Gravatt is in the TOP 20% of suburbs in Australia with an average of days on market 47.16 for properties listed there.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.
With a capital gain of -3.52% for the last 12 months, Upper Mount Gravatt, 4122 has performed for property investments than its average annual 3.12% property growth over the last 5 years.
Upper Mount Gravatt,4122 was ranked 493 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Upper Mount Gravatt, 4122. Typically our figures indicate that -4.55% is being offered, which puts this QLD suburb at 892th most discounted overall in Australia.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 3.12%, investors should hope to achieve an overall return of 5.22%