Property investors who have had real estate in Gordon Park, 4031 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.58%
Gordon Park,4031 has offered an average of -3.58% return per annum in house price rises to property investors over the last three years.
At number 238 in a list of fastest selling suburbs, Gordon Park is in the TOP 10% of suburbs in Australia with an average of days on market 37.0833 for properties listed there.
Gordon Park, 4031’s gross rental yield is 3.04%
With a capital gain of 9.02% for the last 12 months, Gordon Park, 4031 has performed for property investments than its average annual 0.12% property growth over the last 5 years.
Gordon Park,4031 was ranked 524 in Australia by increase in median property value over the quarter.
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 Gordon Park, 4031. Typically our figures indicate that -3.55% is being offered, which puts this QLD suburb at 476th most discounted overall in Australia.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.31%, without taking into account capital value appreciation, which has been averaging out at 0.12%.
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Tiny suburb has a big heart
Median house price: $800,000
Three-year growth: 7.4%
Rental yield: 3.3%
It might be the smallest suburb in Brisbane, but Gordon Park is big in other respects. Its house market is enjoying an extended of steady growth.
While this growth has slowed in the three months to June 2018, Gordon Park holds on to the positive streak observed since 2013. The median house value comes in at $800,000, but even with the price tag, such properties spend less than two months on the market.
Gordon Park is bordered by Kedron Brook and park lands accessible via a cycling trail. It provides easy access to major roads like the Airport Link M7 and the Northern Busway – thus, the airport is only a 10-minute drive away. Buses bring commuters to the Brisbane CBD in less than half an hour, offering convenient travel to work and school for families.