Property investors who have had real estate in East Brisbane, 4169 should be ok 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 3.63%
East Brisbane,4169 was ranked 991 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that East Brisbane is offering property investors an average of -7.21. This rate of discount on properties puts Suburb at number 502th in terms of most discounted suburbs in QLD
Advertised rents are around the $550 mark per week – giving a return of 3.52% based on the median price in Suburb
Property value increases in East Brisbane have tracked lower than the QLD average of 1.47% over the last 12 months.
Comparing East Brisbane,4169 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
East Brisbane4169 is located in QLD which offers an average discount of -5.70% to property investors. East Brisbane itself is showing figures that indicate -5.59% is the average achievable by property buyers investing in the suburb.
The QLD suburb of East Brisbane, 4169 is in the Brisbane local government area.
An inner city suburb of Brisbane, East Brisbane is a popular suburb among young professionals and people downsizing. Nestled between Kangaroo Point and Norman Park, the suburb is a relatively dense area with a number of apartments and townhouses built to cater for the growing demand from homebuyers and renters
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An inner city suburb of Brisbane, located just 4 km east of the CBD, East Brisbane is a popular suburbs among young professionals and people downsizing. Nestled between Kangarro Point and Norman Park, the suburb is a relatively dense area with a number of apartments and townhouses built to cater for the growing demand from homebuyers and renters.
Although East Brisbane does not have a train station, it has regular bus service to and from the CBD. It also has good road links via the Southeast Freeway.
Residents enjoy full retail amenities of the CBD including those along Old Cleveland Road and Queen Street Mall. The suburb’s proximity to Mowbray Park means residents can enjoy some good picnic spots along the Brisbane River and waterfront parkland in Heath Park also provides waterfront parkland, located on the banks of Norman Creek.
The suburb has recorded solid growth over the last 10 years. Unlike the other Brisbane suburbs which are still struggling to recover from their 2008 peak, East Brisbane has continued to grow to another peak of $700,750 in June 2010.
“East Brisbane has a lot of large-scale developments going on including residential developments commercial developments and a lot of infrastructure spending such as the Cross River Rail Project - an $8 billion dollar development which is essentially going to take rail within the inner city underground. At the moment at peak time the rail network is at capacity and these should take some burden off that. It’s going to increase the level of accessibility to East Brisbane. In the near term, it’s going to cause some headache during construction but over the longer term it’s going to see significant growth for the region,” says PRDnationwide's Josh Brown.