Investment property in Bowen Hills has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.65%
When looking at the potential capital gains offered to property investors over the last 3 years, Bowen Hills comes in at number 278th in QLD.
The most recent median price for Bowen Hills is $363000, with sellers offering an average of -9.18% off the asking price.
Advertised rents are around the $420 mark per week – giving a return of 6.02% based on the median price in Suburb
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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%.