Property value increases in Hamilton have tracked higher than the QLD average of 0.14% over the last 12 months.
Comparing Hamilton,4007 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Hamilton, 4007’s gross rental yield is 2.35%
Hamilton is an average performer in QLD when comparing median price capital growth over the last year. Hamilton gave property investors a average capital gain figure when compared to the rest of the state, with -2.27%.
While Hamilton,4007 ranked number 174th in QLD for increase in median house value (annualised) increase, it is ranked 201th over the last 5 years.
Hamilton, 4007 is offering QLD ‘s 71th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this QLD.
Residents and property investors in Hamilton have been waiting around 92.9286 days to sell a property.
With the median price for a house in Hamilton being $483750 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.62%
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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.