Investment property in Geebung 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 13.16%
Comparing Geebung,4034 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Geebung should be aiming for at least -5.91% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Geebung the average time real estate has been on the market is 37.0143 days.
The QLD suburb of Geebung, 4034 is in the Brisbane (C) local government area.
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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.