Glenvale is in the bottom 30% in QLD when comparing median price capital growth over the last year. Glenvale gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.31%.
Taking the average capital gain, or increase in median house value, Glenvale,4350 has racked up an average of -4.31% over the period. This ranks it number 2806th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Glenvale should be aiming for at least -5.21% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1256 in a list of fastest selling suburbs, Glenvale is in the TOP 40% of suburbs in Australia with an average of days on market 65.9 for properties listed there.
Glenvale is 335th on a list of best yielding suburbs for rents in QLD with a 4.89% return
Investment property in Glenvale has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.79%
Across a shorter period, Glenvale, 4350 has seen a median price increase of -2.34% over the last quarter.
Property buyers and investors in Glenvale 4350 should be seeing an average reduction in asking price of around -3.74% . This means that Glenvale is holding prices well when compared to other suburbs in QLD.
Often selling an investment property can take time, and in Glenvale the average time real estate has been on the market is 84 days.
A $295 per week rent on the median house gives suburb investors a gross yield of circa 4.90%, without taking into account capital value appreciation, which has been averaging out at -0.18%.