With a capital gain of 0.55% for the last 12 months, Mansfield, 4122 has performed for property investments than its average annual 4.22% property growth over the last 5 years.
Mansfield,4122 has offered an average of 0.55% return per annum in house price rises to property investors over the last three years.
At number 564th of QLD’s most discounted properties, Mansfield is in the TOP 20% of the state/territory when listing in order of most discounted to least.
A $495 per week rent on the median house gives suburb investors a gross yield of circa 3.76%, without taking into account capital value appreciation, which has been averaging out at 4.22%.
Mansfield has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.59% to date .
Taking the average capital gain, or increase in median house value, Mansfield,4122 has racked up an average of 3.59% over the period. This ranks it number 1120th in the whole country for real estate investors looking at median house price increases.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.35%, without taking into account capital value appreciation, which has been averaging out at 3.75%.
Information supplied by:
Median House Price: $685k
Current Yield (houses): 3.7%
Average annual growth (houses): 4.4%
Median Unit Price: $425k
Current Yield (units): 4%
Average annual growth (units): 4.3%
A suburb of Brisbane, Mansfield is located only 14km from Brisbane’s central business district. The market has made steady incline, with house values tracking an average annual growth rate of 4.4%, and unit values 4.3%.
Head of research at DSRdata.com.au and LocationScore, Jeremy Sheppard, says vacancy rates are on a good path. “They have tightened from 2% to a tad above 1% over the last couple of years,” he says.
“The percentage of stock on market peaked at over 1% in late 2018. But it fell sharply over the middle of 2019 to sit at around 0.5%.”
The breadth of schools in the immediate and surrounding region, as well as pockets of nature have made it popular for families.
Director of Metropole Property Strategists, Michael Yardney, says good infrastructure has also contributed towards the suburb becoming one of the most sought-after in south eastern Brisbane.
“[Mansfield] will also benefit greatly from the commercial and retail expansion of Mt Gravatt, but tucked away in a more family friendly environment,” Yardney says.
Unit values come in at the median price of $425k coupled with a strong rental yield of 4%. Investors can potentially take away a median weekly rental income of $490 for houses and $330 for units.