Giving property investors a a solid capital gain of 7.52% for the last year, Nudgee, 4014 is the 664th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Nudgee,4014 has racked up an average of 7.52% over the period. This ranks it number 2093th in the whole country for real estate investors looking at median house price increases.
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 -4.92% is being offered, which puts this QLD suburb at 2664th most discounted overall in Australia.
Often selling an investment property can take time, and in Nudgee the average time real estate has been on the market is 62.2245 days.
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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.