Bardon has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 9.57% to date .
While Bardon,4065 ranked number 252th in QLD for increase in median house value (annualised) increase, it is ranked 106th over the last 5 years.
Property buyers and investors in Bardon 4065 should be seeing an average reduction in asking price of around -6.32% . This means that Bardon is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 15.17 sales per month, which equates to 182 per year.
The QLD suburb of Bardon, 4065 is in the Brisbane (C) local government area.
Bardon is in the TOP 10% in QLD when comparing median price capital growth over the last year. Bardon gave property investors a very good capital gain figure when compared to the rest of the state, with 19.85%.
Bardon,4065 has offered an average of 19.85% return per annum in house price rises to property investors over the last three years.
Using the current median advertised rental of $397.5 and the average annual increase in value of a median property of 1.69%, investors should hope to achieve an overall return of 2.90%
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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.