If you compare the increase in value of investment property in Upper Kedron, 4055 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 16.18%.
If we look at median property appreciation over just the last three months, Upper Kedron has given property investors a paper return of 4.57%. This puts Suburb as 390 on a list of fastest fasting appreciating suburbs in QLD
Property buyers and investors in Upper Kedron 4055 should be seeing an average reduction in asking price of around -2.87% . This means that Upper Kedron is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 8.67 sales per month, which equates to 104 per year.
Renters in Suburb are facing rents around $30160 per annum or $580 every week.
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.