If you compare the increase in value of investment property in Beenleigh, 4207 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 3.23%.
Beenleigh,4207 was ranked 1489 in Australia by increase in median property value over the quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Beenleigh itself are offering an average vendor discount of -6.44% to real estate investors.
Often selling an investment property can take time, and in Beenleigh the average time real estate has been on the market is 70.83 days.
With the median price for a house in Beenleigh being $320000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.69%
Property value increases in Beenleigh have tracked higher than the QLD average of 1.47% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Beenleigh has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Beenleigh should be aiming for at least -5.27% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Beenleigh have been waiting around 78.54 days to sell a property.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.