Upper Kedron has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.76% to date .
Taking the average capital gain, or increase in median house value, Upper Kedron,4055 has racked up an average of 2.76% over the period. This ranks it number 2269th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Upper Kedron is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 636th in terms of most discounted suburbs in QLD
A $560 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 1.97%.
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.