Property investors who have had real estate in Bellara, 4507 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.33%
While Bellara,4507 ranked number 752th in QLD for increase in median house value (annualised) increase, it is ranked 359th over the last 5 years.
Property buyers and investors in Bellara 4507 should be seeing an average reduction in asking price of around -5.39% . This means that Bellara is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.
Advertised rents are around the $365 mark per week – giving a return of 4.99% based on the median price in Suburb
Investment property in Bellara has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.56%
Bellara,4507 was ranked 640 in Australia by increase in median property value over the quarter.
Bellara, 4507 is offering QLD ‘s 157th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this QLD.
In the last year 26 properties changed hands in Bellara, which puts it as the 209th most active market in QLD when comparing the number of sales per suburb.
Information supplied by:
Affordability gives an edge
Median house price: $362,500
Three-year growth: 10.5%
Rental yield: 5.5%
A suburb of the Moreton Bay region, Bellara’s low-priced houses could be contributing to its growth spurt over the past five years.
The median value is just over $360,000 following 12.4% growth over the past 12 months leading up to November 2017. Moreover, rental returns average 5.5%, an excellent rate for investors. With Bellara looking to maintain this positive trend, it’s wise to keep an eye on this suburb.
Bellara is located west of Bribie Island and south of Banksia Beach – thus, it’s perfect for those who like to be close to nature and to the coast. Pumicestone Passage is nearby as well. To Bellara’s south, the suburb of Bongaree is home to Bribie Island State School and Bribie Island State High School.