QLD has seen average median house prices change by 15.40% which means that St Lucia, 4067 has done well for property investors by showing a capital gain of 12.05% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in St Lucia has increased when compared to the 5 year average annual rate.
At number 250th of QLD’s most discounted properties, St Lucia is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Residents and property investors in St Lucia have been waiting around 34.8354 days to sell a property.
Giving property investors a an average capital gain of 15.03% for the last year, St Lucia, 4067 is the 926th highest performer in Australia in this respect.
The five-year average increase in median property values for St Lucia,4067 has given property investors a potential capital gain of 23.22% across each of those five years.
Property investors looking for a bargain in St Lucia should be aiming for at least -5.44% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $680 mark per week – giving a return of 1.64% based on the median price in Suburb
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.