Bowen Hills is in the TOP 30% in QLD when comparing median price capital growth over the last year. Bowen Hills gave property investors a good capital gain figure when compared to the rest of the state, with 6.13%.
Bowen Hills,4006 was ranked 703 in Australia by increase in median property value over the quarter.
Bowen Hills, 4006’s gross rental yield is 4.57%
The inner-city suburbs of Brisbane have had a well-documented struggle as a result of the number of new apartments that have popped up in recent years, and Bowen Hills is no exception.Full summary
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The inner-city suburbs of Brisbane have had a well-documented struggle as a result of the number of new apartments that have popped up in recent years, and Bowen Hills is no exception.Close
In this suburb just 3km north of the Brisbane CBD, tenants are unlikely to struggle to find rental accommodation – its vacancy rate is currently 6.65%, according to Real Estate Investar.
There has been some improvement in the rental market though, as the vacancy rate has fallen from the 8.19% of 12 months ago.
Landlords who do manage to find a tenant are at least seeing decent rental returns, with yields currently sitting at 5%.
Investors will be hoping yields don’t fall any time soon, with capital growth conditions being relatively poor at the moment.
The median unit price currently sits at $426,000 and has only grown 3% in the last three years. The last 12 months alone have seen prices fall by 2%.