East Brisbane is in the TOP 10% in QLD when comparing median price capital growth over the last year. East Brisbane gave property investors a very good capital gain figure when compared to the rest of the state, with 16.09%.
East Brisbane,4169 was ranked 2313 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -9.86% to buyers in East Brisbane at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 6.59%, investors should hope to achieve an overall return of 2.99%
Property value increases in East Brisbane have tracked just lower than the QLD average of 0.65% over the last 12 months.
A -4.78% growth in median value for property investors in East Brisbane,4169 puts this suburb at number 215th in terms of best performing suburbs in QLD
East Brisbane4169 is located in QLD which offers an average discount of -6.14% to property investors. East Brisbane itself is showing figures that indicate -6.74% is the average achievable by property buyers investing in the suburb.
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.