Carseldine has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 8.14% to date .
Across a shorter period, Carseldine, 4034 has seen a median price increase of 4.89% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Carseldine is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 683th in terms of most discounted suburbs in QLD
With a capital gain of 11.43% for the last 12 months, Carseldine, 4034 has performed for property investments than its average annual 0.56% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Carseldine has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Carseldine are currently offering property investors an average price cut of -3.56% below the asking price at the moment.
On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.
Carseldine is 169th on a list of best yielding suburbs for rents in QLD with a 5.67% return
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Carseldine, QLD – The future looks bright
Median unit price: $380,000
Three-year growth: -7%
Rental yield: 6%
About half an hour’s drive from the Brisbane CBD is the suburb of Carseldine, which is bordered by Bald Hills.
This mainly residential suburb is home to three Bunnings Warehouse stores, which have been integrated into the Carseldine Homemaker Centre. Another shopping centre contains a Woolworths. The former campus of the Queensland University of Technology on Beams Road has been earmarked for redevelopment into the Carseldine Urban Village, which will have several residential properties in addition to commercial and retail establishments.
Commuters can travel from Carseldine railway station to the CBD and the northern suburbs.