Kangaroo Point is in the bottom 30% in QLD when comparing median price capital growth over the last year. Kangaroo Point gave property investors a disappointing capital gain figure when compared to the rest of the state, with -3.02%.
Across a shorter period, Kangaroo Point, 4169 has seen a median price increase of 0.39% over the last quarter.
Kangaroo Point, 4169 is offering QLD ‘s 394th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
Using the current median advertised rental of $497.5 and the average annual increase in value of a median property of 6.03%, investors should hope to achieve an overall return of 4.03%
Location (directly east across the Brisbane River from the Brisbane central business district)
Vacancy rate 2.4%1 (Post Code 4169 Kangaroo Point/East Brisbane: April 2013)
Rental return of 6.56%2 (Units over the last 12 months)
Median rent $480 per week3 (Units over the last quarter)
Increasing population growth
A highly desirable and tightly held inner metropolitan location, due to its walking distance proximity to the CBD, Fortitude Valley and Southbank.
Across the river from the Central Business District - Brisbane’s largest employment hub, catering for an estimated 170,000 employees.
The limited supply of new projects in Kangaroo Point, combined with tight rental vacancies, has seen apartments generate high average rental yields of 6.56%.
Most sought-after properties: Apartments
Most common properties: Apartments and Houses
Top amenities: Kangaroo Point Cliffs, riverfront walkways & recreational areas, Mowbray Park, Raymond Park, Lourdes Hill College, All Hallows School, Brisbane CBD shopping precinct, Brunswick Street Mall and Cafes, QUT, CityCat and ferry Services, St Vincents Hospital
Public transport: Very well established transport connectivity including bus, road, CityCat and City Ferry - plus the Clem-7 Airport Link, connecting Kangaroo Point to the northern suburbs and airport.
Very well established transport connectivity including bus, road, CityCat and City Ferry- plus the Clem-7 Airport Link, connecting Kangaroo Point to the northern suburbs and airport.
$715 million in Federal government funding allocated to the Cross River Rail (Underground) project, which is to see a new inner city rail connection running underneath Kangaroo Point.