With a capital gain of 10.08% for the last 12 months, Nudgee, 4014 has performed for property investments than its average annual 3.70% property growth over the last 5 years.
Nudgee,4014 was ranked 1569 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -3.65% to buyers in Nudgee at the moment, which is less than average for the rest of QLD.
Advertised rents are around the $550 mark per week – giving a return of 4.03% based on the median price in Suburb
Property investors who have had real estate in Nudgee, 4014 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.53%
While Nudgee,4014 ranked number 216th in QLD for increase in median house value (annualised) increase, it is ranked 352th over the last 5 years.
At number 575 in a list of fastest selling suburbs, Nudgee is in the TOP 40% of suburbs in Australia with an average of days on market 55.9167 for properties listed there.
Information supplied by:
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.