Property investors who have had real estate in Upper Kedron, 4055 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
Upper Kedron,4055 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Upper Kedron 4055 should be seeing an average reduction in asking price of around -3.59% . This means that Upper Kedron is holding prices well when compared to other suburbs in QLD.
At number 547 in a list of fastest selling suburbs, Upper Kedron is in the TOP 20% of suburbs in Australia with an average of days on market 56.2121 for properties listed there.
With the median price for a house in Upper Kedron being $640000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.47%
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.