At number 402th in the list of Australian suburbs ordered by increase in median house value over the last year, Gaythorne, 4051 is in the top 10% with a property value increase of 12.99% recorded in median house prices.
While Gaythorne,4051 ranked number 719th in QLD for increase in median house value (annualised) increase, it is ranked 392th over the last 5 years.
Gaythorne is 718th on a list of best yielding suburbs for rents in QLD with a 3.26% return
At number 273th in the list of Australian suburbs ordered by increase in median house value over the last year, Gaythorne, 4051 is in the top 20% with a property value increase of 9.63% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gaythorne has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Gaythorne are currently offering property investors an average price cut of -4.44% below the asking price at the moment.
Information supplied by:
Houses slip over the quarter
Median house price: $705,000
Three-year growth: 25.0%
Rental yield: 3.3%
On the slopes of Enoggera Hill 7km northwest of the Brisbane CBD lies Gaythorne, which was once part of the Enoggera suburb. As a neighbour to the capital, the suburb has been recording consistent growth over the past five years.
Nonetheless, house prices stumbled by 10% in the September 2017 quarter, falling to a median of $705,000. With vacancy rates falling by 0.7% compared to last year, however, it is a sign that there is still demand for houses in this area.
Gaythorne is dominated by houses constructed in the Queenslander style, and the streets, which are named after World War I sites, are lined with trees. Residents are served by the Gaythorne railway station on the Ferny Grove-City line.