Investment property in Petrie has done pretty 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 1.05%
Taking the average capital gain, or increase in median house value, Petrie,4502 has racked up an average of 1.05% over the period. This ranks it number 2497th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -4.07% to buyers in Petrie at the moment, which is less than average for the rest of QLD.
Petrie has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.23% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Petrie has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Petrie is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 306th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Petrie the average time real estate has been on the market is 81.88 days.
Situated 11.52km from the CBD, Petrie is one of Moreton Bay localities in the postcode 4502.