Investment property in Hamilton has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.53%
Hamilton,4007 has offered an average of 16.53% return per annum in house price rises to property investors over the last three years.
Hamilton4007 is located in QLD which offers an average discount of -6.63% to property investors. Hamilton itself is showing figures that indicate -9.02% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $587.5 mark per week – giving a return of 2.22% based on the median price in Suburb
If you compare the increase in value of investment property in Hamilton, 4007 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -10.91%.
While Hamilton,4007 ranked number 331th in QLD for increase in median house value (annualised) increase, it is ranked 259th over the last 5 years.
Property investors looking for a bargain in Hamilton should be aiming for at least -7.39% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 15.08 sales per month, which equates to 181 per year.
Renters in Suburb are facing rents around $4980 per annum or $415 every week.
The suburb of Hamilton sits on the north bank of the Brisbane River just 7km from the Brisbane CBD. Its stock of apartments increased considerably over the past 12 months, reflecting the recent trend of property construction towards units.Full summary
Information supplied by:
Apartment supply slows down wharf suburb
Median unit price: $550,000
Stock on market: 29.9%
12-month growth: -2.31%
The suburb of Hamilton sits on the north bank of the Brisbane River just 7km from the Brisbane CBD. Its stock of apartments increased considerably over the past 12 months, reflecting the recent trend of property construction towards units.
However, the added supply has affected demand, causing unit value to dip slightly and disrupting the positive growth that had been observed in the previous five years. The new downward trend seems to be continuing into the February 2017 quarter.
Nonetheless, Hamilton’s many developments may be able to get the suburb back on track. Portside Wharf is a lively precinct with restaurants, entertainment venues, shopping hubs and nightlife. Units have also been established here. Moreover, buses can get commuters to Brisbane in just 15 minutes.