At number 2858th in the list of Australian suburbs ordered by increase in median house value over the last year, Petrie, 4502 is in the BOTTOM 40% with a property value increase of 1.87% recorded in median house prices.
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.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.84% offered to property buyers. Sellers in Petrie itself are offering an average vendor discount of -3.82% to real estate investors.
Property investors should expect to get $390 weekly from the median priced house in this suburb.
Over the last year, property investments in Petrie, 4502 have given investors a capital gain of -2.99%. This compares badly with the -0.06% for QLD as a whole.
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.
The most recent median price for Petrie is $324000, with sellers offering an average of -4.44% off the asking price.
A $335 per week rent on the median house gives suburb investors a gross yield of circa 5.38%, without taking into account capital value appreciation, which has been averaging out at -0.32%.