Investment property in Gaythorne has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.20%
Gaythorne,4051 has offered an average of 3.20% return per annum in house price rises to property investors over the last three years.
In the last year 23 properties changed hands in Gaythorne, which puts it as the 644th most active market in QLD when comparing the number of sales per suburb.
A $462.5 per week rent on the median house gives suburb investors a gross yield of circa 3.39%, without taking into account capital value appreciation, which has been averaging out at 3.76%.
If you compare the increase in value of investment property in Gaythorne, 4051 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 3.53%.
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.
The most recent median price for Gaythorne is $381000, with sellers offering an average of -5.95% off the asking price.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.19%, without taking into account capital value appreciation, which has been averaging out at 1.89%.
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.