Property value increases in Nudgee have tracked just higher than the QLD average of 1.17% over the last 12 months.
Over the longer term, Nudgee has seen property prices show investors a 1.08% return over the last 3 years. This is an improvement over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Nudgee, 4014. Typically our figures indicate that -6.73% is being offered, which puts this QLD suburb at 1270th most discounted overall in Australia.
Using the current median advertised rental of $515 and the average annual increase in value of a median property of 3.65%, investors should hope to achieve an overall return of 4.08%
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Supply falls in beachside suburb
Median unit price: $460,000
Stock on market: -50.7%
12-month growth: 1.8%
In Nudgee, 13km north of the Brisbane CBD, residents enjoy a peaceful, serene lifestyle, close to the beach. It’s a short commute for those travelling to work or play in Fortitude Valley, and has seen several new estates crop up over recent years, making it popular with young families due to its affordability and safety.
The property market in Nudgee has been flat this quarter, with the current median price of units is $460,000, up a mere 0.1%, and houses are up just 0.5% to $640,000.
The number of properties on the market has plummeted, from 75 houses last year to just 35 this year, a drop of 50%, with each house spending an average of 77 days listed before selling.
Nudgee offers strong yields for investors, with units renting at $450 a week on average and houses $535, yielding 5.1% and 4.3% respectively.