With a capital gain of 6.01% for the last 12 months, St Lucia, 4067 has performed for property investments than its average annual 4.79% property growth over the last 5 years.
St Lucia,4067 has offered an average of 6.01% return per annum in house price rises to property investors over the last three years.
Vendor discounting in St Lucia is giving property investors an average Vendor Discount of around -7.32%. This puts suburb at number 229th in QLD when ranking the most discounted suburbs.
Residents and property investors in St Lucia have been waiting around 53.8654 days to sell a property.
A $645 per week rent on the median house gives suburb investors a gross yield of circa 2.80%, without taking into account capital value appreciation, which has been averaging out at 4.79%.
At number 264th in the list of Australian suburbs ordered by increase in median house value over the last year, St Lucia, 4067 is in the top 20% with a property value increase of 6.95% recorded in median house prices.
If we look at median property appreciation over just the last three months, St Lucia has given property investors a paper return of 5.49%. This puts Suburb as 26 on a list of fastest fasting appreciating suburbs in QLD
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.43% offered to property buyers. Sellers in St Lucia itself are offering an average vendor discount of -5.42% to real estate investors.
With the median price for a house in St Lucia being $500000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.58%
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.