Investment property in Bracken Ridge has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.02%
Over the longer term, Bracken Ridge has seen property prices show investors a 4.12% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Bracken Ridge should be aiming for at least -5.30% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 1.98%, investors should hope to achieve an overall return of 4.58%
QLD has seen average median house prices change by -0.33% which means that Bracken Ridge, 4017 has not done well for property investors by showing a capital gain of 2.90% over the last year
Taking the average capital gain, or increase in median house value, Bracken Ridge,4017 has racked up an average of 2.90% over the period. This ranks it number 1127th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.15% offered to property buyers. Sellers in Bracken Ridge itself are offering an average vendor discount of -3.67% to real estate investors.
Situated 15.99km from the CBD, Bracken Ridge is one of Brisbane (C) localities in the postcode 4017.