Property investors who have had real estate in Bardon, 4065 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 22.99%
If we look at median property appreciation over just the last three months, Bardon has given property investors a paper return of 8.33%. This puts Suburb as 148 on a list of fastest fasting appreciating suburbs in QLD
Sellers are offering property buyers an average discount of -6.27% to buyers in Bardon at the moment, which is less than average for the rest of QLD.
Advertised rents are around the $625 mark per week – giving a return of 2.50% based on the median price in Suburb
QLD has seen average median house prices change by 8.71% which means that Bardon, 4065 has done well for property investors by showing a capital gain of -1.43% over the last year
Comparing Bardon,4065 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bardon, 4065. Typically our figures indicate that -5.23% is being offered, which puts this QLD suburb at 227th most discounted overall in Australia.
Bardon, 4065’s gross rental yield is 2.58%
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Located just 4.5km west of Brisbane CBD, Bardon is a leafy suburb with views to the city and the bush land area of Mt Coot-tha. The suburb has undergone gentrification over the past decade with most of the old-style Queenslands and workers cottages being renovated and converted into modern dwellings.
It’s elevated position, leafy outlook and close proximity to the city has fuelled solid growth in the area. While it’s considered a transport black hole, because there are no trains going into the area, it’s adequately serviced by buses.
“It’s seen 13% pa growth over the past 10 years and once we start seeing some upgrades to transport in that area that should push price growth further up,” says PRDnationwide's Josh Brown.
The Brisbane City Council is also upgrading its bus services so the accessibility is also set improve.