Investment property in Boondall has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.24%
Taking the average capital gain, or increase in median house value, Boondall,4034 has racked up an average of 11.24% over the period. This ranks it number 2232th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Boondall should be aiming for at least -3.68% off the asking price, which is the average vendor discount being achieved at the moment.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 3.50%.
Investment property in Boondall has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.34%
While Boondall,4034 ranked number 339th in QLD for increase in median house value (annualised) increase, it is ranked 167th over the last 5 years.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 1.97%, investors should hope to achieve an overall return of 5.56%
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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.