Giving property investors a a stable capital gain of 5.31% for the last year, New Farm, 4005 is the 1650th highest performer in Australia in this respect.
New Farm,4005 has offered an average of 5.31% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that New Farm is offering property investors an average of -6.68. This rate of discount on properties puts Suburb at number 392th in terms of most discounted suburbs in QLD
Renters in Suburb are facing rents around $38220 per annum or $735 every week.
New Farm is an average performer in QLD when comparing median price capital growth over the last year. New Farm gave property investors a average capital gain figure when compared to the rest of the state, with 1.27%.
Across a shorter period, New Farm, 4005 has seen a median price increase of -0.50% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in New Farm, 4005. Typically our figures indicate that -6.03% is being offered, which puts this QLD suburb at 506th most discounted overall in Australia.
Situated 1.68km from the CBD, New Farm is one of Brisbane localities in the postcode 4005.
An inner suburb of Brisbane is currently seeing average annual growth of 13%. Blessed with excellent public transport and an abundance of restaurants and shops, it brims with investment potential. Read on to find out what suburb it is.Full summary
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New Farm is an inner city suburb of Brisbane with excellent public transport option and an abundance of restaurants and shops. Formerly dominated by Italian migrants, the suburb has since undergone gentrification and has become one of the most desirable suburbs in Brisbane.
Josh Brown, research analyst with PRDnationwide says the suburb is particularly attractive to younger residents because they are well-positioned and are close to the Brisbane CBD.
“There’s been a lot of developments in these areas and they’ve become trendy suburbs with lot of cafes and bistros and they’re close to shopping district and features that appeal to young professionals,” he says.
Median house price stayed stagnant up until around 2002 when it jumped to more than double in 2005. Price peaked at $1,140,000 around June 2008. It fell sharply in 2009 but it has bounced back since to its current level.
Looking ahead, Brown says future growth in house price might be slower than the rate it has recorded over the past 30 years because growth has already been substantial growth and there’s already significant amenity in the area.
“Unless there’s a large scale development going into the area that doesn’t impede the existing residence that can affect value, then growth would be lower than the previous decades.”