Upper Kedron is in the TOP 20% in QLD when comparing median price capital growth over the last year. Upper Kedron gave property investors a very good capital gain figure when compared to the rest of the state, with 9.68%.
The five-year average increase in median property values for Upper Kedron,4055 has given property investors a potential capital gain of 17.24% across each of those five years.
Property buyers and investors in Upper Kedron 4055 should be seeing an average reduction in asking price of around -4.60% . This means that Upper Kedron is holding prices well when compared to other suburbs in QLD.
Advertised rents are around the $565 mark per week – giving a return of 4.32% based on the median price in Suburb
Information supplied by:
QLD – Stock shoots up in developing suburb
Median house price: $611,000
Stock on market: 100.00%
12-month growth: 0.99%
Located in the outer ring of Brisbane, Upper Kedron has been reporting consistent growth for the past five years, even though the increase rate has been trending downwards thus far.
Despite house prices rising by only 0.99% in the past 12 months, vendors have been able to unload properties at a very low average discount rate of 2.6%. Moreover, investors can gain reasonable returns of nearly 5%. The local property market may have been affected by the amount of stock on market skyrocketing by 100% over the same period.
With development ongoing in Upper Kedron, this increase in supply is certainly to be expected. Since it is situated at the edge of Brisbane Forest Park, it could attract those who wish to reside close to nature. Neighbouring suburb The Gap is just a short distance for shopping needs. Brisbane itself is just roughly 30 minutes away by car.