Bowen Hills has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.32% to date .
Taking the average capital gain, or increase in median house value, Bowen Hills,4006 has racked up an average of 2.32% over the period. This ranks it number 1503th in the whole country for real estate investors looking at median house price increases.
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 Bowen Hills, 4006. Typically our figures indicate that -5.38% is being offered, which puts this QLD suburb at 199th most discounted overall in Australia.
In the last year 118 properties changed hands in Bowen Hills, which puts it as the 75th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Bowen Hills being $397000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 5.50%
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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.
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%.