With a capital gain of 7.64% for the last 12 months, Gaythorne, 4051 has performed for property investments than its average annual 4.74% 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 Gaythorne has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
Gaythorne has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -6.77% to date .
Across a shorter period, Gaythorne, 4051 has seen a median price increase of 0.00% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.64% offered to property buyers. Sellers in Gaythorne itself are offering an average vendor discount of -3.93% to real estate investors.
A $385 per week rent on the median house gives suburb investors a gross yield of circa 5.34%, without taking into account capital value appreciation, which has been averaging out at 0.69%.
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.