Brendale has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -1.21% to date .
If you compare the increase in value of investment property in Brendale, 4500 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.85%.
If we look at median property appreciation over just the last three months, Brendale has given property investors a paper return of 0.67%. This puts Suburb as 133 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Brendale should be aiming for at least -5.58% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 18.04km from the CBD, Brendale is one of Moreton Bay (R) localities in the postcode 4500.
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Affordable suburb offers good yields
Median unit price: $389,000
Three-year growth: 0.6%
Rental yield: 4.6%
One of the industrial hubs of the Pine Rivers region, Brendale enjoys an advantageous location less than 20km from the Brisbane CBD.
Despite a stumble that had house values slipping by 0.3% in the year to January 2019, the January 2019 quarter recorded a recovery for the suburb, with prices going up by 8.1% in this period to hit a median of $389,000. Coupled with reasonable yield and strong demand from buyers, Brendale could be a great option for investment.
The suburb was named for a horse stud that belonged to a land developer. Since its establishment in around 1870, Brendale had undergone much change. The Brendale Farmers Market makes it home on Kremzow Road, and there are sports facilities in the suburb, including two golf courses, a driving range and a sporting complex. There is also a small park near a housing estate.