If you compare the increase in value of investment property in Brendale, 4500 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -5.01%.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at -5.00%.
At number 463th in the list of Australian suburbs ordered by increase in median house value over the last year, Brendale, 4500 is in the top 40% with a property value increase of 2.53% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Brendale,4500 has racked up an average of 2.53% over the period. This ranks it number 773th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -5.29% to buyers in Brendale at the moment, which is less than average for the rest of QLD.
Situated 18.06km 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.