Giving property investors a an unimpressive capital gain of 2.04% for the last year, Upper Kedron, 4055 is the 2878th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Upper Kedron has given property investors a paper return of 0.08%. This puts Suburb as 488 on a list of fastest fasting appreciating suburbs in QLD
Advertised rents are around the $530 mark per week – giving a return of 4.40% based on the median price in Suburb
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