East Brisbane is in the TOP 20% 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 11.48%.
Taking the average capital gain, or increase in median house value, East Brisbane,4169 has racked up an average of 11.48% over the period. This ranks it number 1467th in the whole country for real estate investors looking at median house price increases.
East Brisbane, 4169 is offering QLD ‘s 160th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
With the median price for a house in East Brisbane being $883500 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 3.18%
Investment property in East Brisbane has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.49%
When looking at the potential capital gains offered to property investors over the last 3 years, East Brisbane comes in at number 293th in QLD.
Sellers are offering property buyers an average discount of -7.15% to buyers in East Brisbane at the moment, which is less than average for the rest of QLD.
Renters in Suburb are facing rents around $4620 per annum or $385 every week.
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.