With a capital gain of 1.84% for the last 12 months, Birkdale, 4159 has performed for property investments than its average annual 2.29% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Birkdale comes in at number 234th in QLD.
Birkdale, 4159 is offering QLD ‘s 606th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this QLD.
With the median price for a house in Birkdale being $580000 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 4.44%
QLD has seen average median house prices change by 0.61% which means that Birkdale, 4159 has done well for property investors by showing a capital gain of 5.69% over the last year
Over the longer term, Birkdale has seen property prices show investors a -2.56% return over the last 3 years. This is an improvement over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.17% offered to property buyers. Sellers in Birkdale itself are offering an average vendor discount of -4.59% to real estate investors.
At number 776 in a list of fastest selling suburbs, Birkdale is just in the bottom half of suburbs in Australia with an average of days on market 75.6111 for properties listed there.
Using the current median advertised rental of $387.5 and the average annual increase in value of a median property of 2.05%, investors should hope to achieve an overall return of 5.17%
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Buyers enjoy a central location
Median house price: $569,500
Three-year growth: 15.6%
Rental yield: 4.3%
Stretching from Tingalpa Creek to Wellington Point, the suburb of Birkdale is rich in amenities, with a location that offers access to shops and dining establishments.
After 7.5% growth in the 12 months to May 2018, the median house price hit $570,000. This maintains the five-year streak of steady increases in values.
Investors enjoy a consistent stream of tenants while reaping 4.3% yield on weekly rents of $470, as the rental market boasts an average vacancy rate of just 0.9%.
Birkdale offers a lifestyle that is removed from Brisbane’s busy city while keeping residents close to the water, to schools, shops and public transport. A major shopping hub is located near the housing development of Aquatic Paradise. Birkdale State School and Birkdale South State School have been established here as well. Trains to the city stop at Birkdale railway station.