Upper Kedron is an average performer in QLD when comparing median price capital growth over the last year. Upper Kedron gave property investors a good capital gain figure when compared to the rest of the state, with 12.78%.
Comparing Upper Kedron,4055 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Upper Kedron, 4055. Typically our figures indicate that -3.29% is being offered, which puts this QLD suburb at 2230th most discounted overall in Australia.
Upper Kedron is 563th on a list of best yielding suburbs for rents in QLD with a 3.88% return
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April 2017
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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.