Over the last year, property investments in Ellen Grove, 4078 have given investors a capital gain of -5.01%. This compares very badly with the 0.88% for QLD as a whole.
Across a shorter period, Ellen Grove, 4078 has seen a median price increase of -3.15% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ellen Grove, 4078. Typically our figures indicate that -6.09% is being offered, which puts this QLD suburb at 1987th most discounted overall in Australia.
Using the current median advertised rental of $335 and the average annual increase in value of a median property of 0.53%, investors should hope to achieve an overall return of 6.12%
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Ellen Grove, QLD – Good yields with low prices
Median house price: $294,000
Three-year growth: 10.1%
Rental yield: 5.7%
Situated on the fringe of Brisbane, the suburb of Ellen Grove was established in the late 1950s to early 1960s. It was named for the daughter of R.P. Spinks, who originally owned the land.
Houses here are very low priced at less than $300,000 while offering reasonable rental returns of 5.7%.
The Centenary Highway runs through the suburb, and the Logan Motorway borders part of Ellen Grove, making it a highly accessible area. It enjoys a peaceful atmosphere that is ideal for raising children, especially with the presence of a local primary school. Residents are served by a shopping centre and a railway station. The Brisbane mobile library stops by the suburb once a fortnight.