Boondall is an average performer in QLD when comparing median price capital growth over the last year. Boondall gave property investors a good capital gain figure when compared to the rest of the state, with 1.75%.
A 23.29% growth in median value for property investors in Boondall,4034 puts this suburb at number 493th in terms of best performing suburbs in QLD
Sellers are offering property buyers an average discount of -4.36% to buyers in Boondall at the moment, which is less than average for the rest of QLD.
On average over the past year, suburb has had 11.00 sales per month, which equates to 132 per year.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.27%, without taking into account capital value appreciation, which has been averaging out at 2.54%.
Giving property investors a an average capital gain of -1.40% for the last year, Boondall, 4034 is the 697th highest performer in Australia in this respect.
Comparing Boondall,4034 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Renters in Suburb are facing rents around $20280 per annum or $390 every week.
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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.