Property value increases in Brighton have tracked close to the QLD average of 1.17% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Brighton has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.78% offered to property buyers. Sellers in Brighton itself are offering an average vendor discount of -5.53% to real estate investors.
With the median price for a house in Brighton being $550000 and the advertised rent reaching $442.5 the gross rental yield for property investors calculates out to be 4.18%
Brighton is in the TOP 30% in QLD when comparing median price capital growth over the last year. Brighton gave property investors a good capital gain figure when compared to the rest of the state, with 4.98%.
Brighton,4017 was ranked 864 in Australia by increase in median property value over the quarter.
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Brisbane suburb Brighton – the northernmost suburb of the city proper – is a largely suburban area. It’s 19km north of the CBD: while Brighton itself is only linked to the city proper by road, there's a rail station in Sandgate to assist commuters evade the morning rush hour.
It's adjacent to popular beach suburbs Sandgate and Shorncliffe. While Brighton itself is largely residential, and amenities are limited to a few corner stores along the main drag of Brighton Terrace, there are plentiful amenities just a few minutes’ walk away in Sandgate. There is a primary school to the north of the suburb, and with more schools located in Sandgate and on the border with inland neighbour Deagon.
It’s very much a family suburb, with well over half of residents married, and freestanding houses making up 90% of properties in Brighton. Indeed, it’s the promise of pleasant yet affordable coastal living, while still within reach of more ‘lifestyle’ suburbs.
Landlords are also likely to find the sums appealing: while properties are more affordable than Sandgate and Shorncliffe, rents are comparable to its more expensive neighbours and vacancy rates are low.
Like much of Brisbane, it's seen subdued capital growth in recent months; however, it's likely to see renewed growth as the Queensland economy recovers – especially thanks to the allure of affordable beachside living. Look for properties in streets beachside of Brighton Terrace and towards the south of the suburb, or overlooking the Deagon Wetlands: these tend to be most desirable.