At number 2646th in the list of Australian suburbs ordered by increase in median house value over the last year, Upper Kedron, 4055 is in the BOTTOM 40% with a property value increase of 0.72% recorded in median house prices.
Property buyers and investors in Upper Kedron 4055 should be seeing an average reduction in asking price of around -3.03% . This means that Upper Kedron is holding prices well when compared to other suburbs in QLD.
In the last year 35 properties changed hands in Upper Kedron, which puts it as the 523th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $27690 per annum or $532.5 every week.
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April 2017
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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
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.
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