Mansfield has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.22% to date .
Mansfield,4122 was ranked 3352 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Mansfield should be aiming for at least -4.52% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 114 properties changed hands in Mansfield, which puts it as the 166th most active market in QLD when comparing the number of sales per suburb.
Situated 10.44km from the CBD, Mansfield is one of Brisbane (C) localities in the postcode 4122.
Investment property in Mansfield has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.10%
Over the longer term, Mansfield has seen property prices show investors a 0.00% return over the last 3 years. This is worse than over the last 12 months
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 2.22%, investors should hope to achieve an overall return of 4.28%
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.