Bardon, 4065 ranked 688th in QLD when comparing growth in median property values or capital gain over the last 12 months. Bardon is one of 2415 in our list for QLD
Bardon,4065 was ranked 2998 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -6.90% to buyers in Bardon at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 4.00%, investors should hope to achieve an overall return of 3.02%
Over the last year, property investments in Bardon, 4065 have given investors a capital gain of -13.00%. This compares very badly with the -0.13% for QLD as a whole.
Bardon,4065 was ranked 1001 in Australia by increase in median property value over the quarter.
In the last year 23 properties changed hands in Bardon, which puts it as the 210th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $387.5 and the average annual increase in value of a median property of 3.30%, investors should hope to achieve an overall return of 3.42%
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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.