Investment property in East Brisbane has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.03%
If we look at median property appreciation over just the last three months, East Brisbane has given property investors a paper return of 2.84%. This puts Suburb as 181 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in East Brisbane should be aiming for at least -9.86% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1507 in a list of fastest selling suburbs, East Brisbane is in the TOP 40% of suburbs in Australia with an average of days on market 71.47 for properties listed there.
The QLD suburb of East Brisbane, 4169 is in the Brisbane local government area.
East Brisbane has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 1.95% to date .
While East Brisbane,4169 ranked number 25th in QLD for increase in median house value (annualised) increase, it is ranked 231th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that East Brisbane is offering property investors an average of -6.05. This rate of discount on properties puts Suburb at number 88th in terms of most discounted suburbs in QLD
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.