Giving property investors a an unimpressive capital gain of 2.89% for the last year, Petrie, 4502 is the 2495th highest performer in Australia in this respect.
Across a shorter period, Petrie, 4502 has seen a median price increase of 0.86% over the last quarter.
Sellers are offering property buyers an average discount of -5.22% to buyers in Petrie at the moment, which is less than average for the rest of QLD.
In the last year 143 properties changed hands in Petrie, which puts it as the 131th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Petrie has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.27% 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 fallen somewhat when compared to the 5 year average annual rate.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in Petrie itself are offering an average vendor discount of -4.39% to real estate investors.
At number 1357 in a list of fastest selling suburbs, Petrie is in the bottom 10% of suburbs in Australia with an average of days on market 123.36 for properties listed there.
Advertised rents are around the $345 mark per week – giving a return of 5.52% based on the median price in Suburb