If you compare the increase in value of investment property in Boondall, 4034 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -1.89%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Boondall has increased when compared to the 5 year average annual rate.
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 Boondall, 4034. Typically our figures indicate that -5.08% is being offered, which puts this QLD suburb at 2143th most discounted overall in Australia.
Situated 13.46km from the CBD, Boondall is one of Brisbane (C) localities in the postcode 4034.
At number 756th in the list of Australian suburbs ordered by increase in median house value over the last year, Boondall, 4034 is in the BOTTOM 50% with a property value increase of 0.95% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Boondall has fallen somewhat when compared to the 5 year average annual rate.
The QLD suburb of Boondall, 4034 is in the Brisbane (C) local government area.
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Entertainment hub inspires competition for rentals
Median house price: $480,000
Vacancy rate: 1.43%
Three-year growth: 14.29%
Most south-east Queenslanders associate Boondall with rock and pop music, theatre shows, children’s performances, and a range of other entertainment options. This is because the Brisbane Entertainment Centre – one of the biggest performance spaces in Queensland – is located in the middle of this suburb, which is also home to around 9,000 residents.
The vacancy rate in this established Brisbane suburb has dropped in recent months, with Real Estate Investar reporting a rate of just 1.43%.
Around one-quarter of local residents is comprised of renters, and at present they’re fighting amongst themselves for access to rental property. Offering close proximity to public transport, major shopping centres and prestigious schools, it’s easy to see why.