QLD has seen average median house prices change by 0.88% which means that Geebung, 4034 has done well for property investors by showing a capital gain of 7.34% over the last year
Taking the average capital gain, or increase in median house value, Geebung,4034 has racked up an average of 7.34% over the period. This ranks it number 1350th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.03% offered to property buyers. Sellers in Geebung itself are offering an average vendor discount of -6.01% to real estate investors.
Renters in Suburb are facing rents around $22620 per annum or $435 every week.
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Northern Brisbane shows consistency
Median house price: $540,000
Three-year growth: 14.9%
Rental yield: 3.9%
In the northern region of Brisbane, the suburb of Geebung – which is adjacent to the popular suburb of Chermside – is maintaining a reliable pattern of growth.
While increases in house prices are not shooting through the roof, the suburb has an average annual growth rate of 3.9%, with growth peaking in 2013 at 31.7%. Such dwellings typically spend only 33 days on the market at a median value of $540,000, with investors reaping 3.9% returns on rent at $400 per week.
Geebung is a stop on the Caboolture railway line, making it easy to commute to the Brisbane CBD and out west to Ipswich, if required. In 2013, Geebung also gained acclaim for being the site of a major fossil find. Schools are in the vicinity, located in nearby suburbs like Wavell Heights.