At number 1652th in the list of Australian suburbs ordered by increase in median house value over the last year, Hamilton, 4007 is in the top half with a property value increase of 0.00% recorded in median house prices.
Across a shorter period, Hamilton, 4007 has seen a median price increase of 0.00% over the last quarter.
The QLD suburb of Hamilton, 4007 is in the Brisbane (C) local government area.
Investment property in Hamilton 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 -4.38%
While Hamilton,4007 ranked number 200th in QLD for increase in median house value (annualised) increase, it is ranked 191th over the last 5 years.
Hamilton4007 is located in QLD which offers an average discount of -6.43% to property investors. Hamilton itself is showing figures that indicate -9.05% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $427.5 mark per week – giving a return of 4.57% based on the median price in Suburb
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.