If you compare the increase in value of investment property in St Lucia, 4067 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 15.15%.
While St Lucia,4067 ranked number 63th in QLD for increase in median house value (annualised) increase, it is ranked 265th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.78% offered to property buyers. Sellers in St Lucia itself are offering an average vendor discount of -6.45% to real estate investors.
Property value increases in St Lucia have tracked just lower than the QLD average of 0.65% over the last 12 months.
Taking the average capital gain, or increase in median house value, St Lucia,4067 has racked up an average of -4.81% over the period. This ranks it number 839th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in St Lucia 4067 should be seeing an average reduction in asking price of around -5.20% . This means that St Lucia is holding prices well when compared to other suburbs in QLD.
Residents and property investors in St Lucia have been waiting around 74.3204 days to sell a property.
Information supplied by:
University of Queensland home sees unit boost
Median unit price: $450,000
Stock on market: 33.6%
12-month growth: -2.70%
The residential suburb of St Lucia is widely regarded as one of the prime suburbs in Brisbane. Nonetheless, its apartment market is recording a reasonable median price of just $450,000, given the boost in stock.
Both house and unit supply increased in the year leading up to May 2017, although unit stock rose by a greater margin. This could benefit those looking to tap into the student population at the University of Queensland. The presence of the university makes St Lucia a significant transport hub, with buses, a ferry and bike trails. Several major roads lead to the institution as well.
The suburb is also home to Ironside State School, a primary school, which could attract families with younger children. And despite being mainly residential, St Lucia houses many small shopping hubs. It is also the site of one of the oldest golf courses in Brisbane.