Over the last year, property investments in Upper Kedron, 4055 have given investors a capital gain of -2.28%. This compares badly with the 2.53% for QLD as a whole.
Across a shorter period, Upper Kedron, 4055 has seen a median price increase of 1.06% over the last quarter.
Sellers are offering property buyers an average discount of -3.25% to buyers in Upper Kedron at the moment, which is less than average for the rest of QLD.
Renters in Suburb are facing rents around $6360 per annum or $530 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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