QLD has seen average median house prices change by 2.11% which means that Petrie, 4502 has done well for property investors by showing a capital gain of 6.91% over the last year
If we look at median property appreciation over just the last three months, Petrie has given property investors a paper return of 1.21%. This puts Suburb as 320 on a list of fastest fasting appreciating suburbs in QLD
Property buyers and investors in Petrie 4502 should be seeing an average reduction in asking price of around -5.04% . This means that Petrie is holding prices well when compared to other suburbs in QLD.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 4.25%.
With a capital gain of 0.00% for the last 12 months, Petrie, 4502 has performed for property investments than its average annual -0.05% property growth over the last 5 years.
A 0.15% growth in median value for property investors in Petrie,4502 puts this suburb at number 223th in terms of best performing suburbs in QLD
Property buyers and investors in Petrie 4502 should be seeing an average reduction in asking price of around -3.57% . This means that Petrie is holding prices well when compared to other suburbs in QLD.
At number 634 in a list of fastest selling suburbs, Petrie is just in the top half of suburbs in Australia with an average of days on market 72.41 for properties listed there.
Using the current median advertised rental of $345 and the average annual increase in value of a median property of -0.05%, investors should hope to achieve an overall return of 5.40%