With a capital gain of 6.19% for the last 12 months, Boondall, 4034 has performed for property investments than its average annual 3.72% property growth over the last 5 years.
Comparing Boondall,4034 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -4.91% to buyers in Boondall at the moment, which is less than average for the rest of QLD.
At number 1119 in a list of fastest selling suburbs, Boondall is in the TOP 30% of suburbs in Australia with an average of days on market 56.59 for properties listed there.
Boondall, 4034’s gross rental yield is 4.37%
At number 363th in the list of Australian suburbs ordered by increase in median house value over the last year, Boondall, 4034 is in the top 30% with a property value increase of 13.01% recorded in median house prices.
If we look at median property appreciation over just the last three months, Boondall has given property investors a paper return of -0.24%. This puts Suburb as 206 on a list of fastest fasting appreciating suburbs in QLD
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Boondall itself are offering an average vendor discount of -3.14% to real estate investors.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 1.80%, investors should hope to achieve an overall return of 4.80%
The vacancy rate in this established Brisbane suburb has dropped in recent months, with Real Estate Investar reporting a rate of just 1.43%.Full summary
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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.Close