Over the last year, property investments in Upper Kedron, 4055 have given investors a capital gain of 1.21%. This compares badly with the 2.98% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Upper Kedron has increased when compared to the 5 year average annual rate.
Upper Kedron4055 is located in QLD which offers an average discount of -6.76% to property investors. Upper Kedron itself is showing figures that indicate -3.98% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Upper Kedron being $625000 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 4.41%
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.Full summary
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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.Close