Over the last year, property investments in Nundah, 4012 have given investors a capital gain of 0.24%. This compares very badly with the 8.97% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nundah has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Nundah should be aiming for at least -6.94% off the asking price, which is the average vendor discount being achieved at the moment.
At number 498 in a list of fastest selling suburbs, Nundah is in the TOP 20% of suburbs in Australia with an average of days on market 39.8507 for properties listed there.
Property value increases in Nundah have tracked just lower than the QLD average of 6.15% over the last 12 months.
While Nundah,4012 ranked number 184th in QLD for increase in median house value (annualised) increase, it is ranked 290th over the last 5 years.
Sellers are offering property buyers an average discount of -4.54% to buyers in Nundah at the moment, which is less than average for the rest of QLD.
In the last year 233 properties changed hands in Nundah, which puts it as the 20th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Nundah being $370000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.34%