Giving property investors a a stable capital gain of 17.31% for the last year, St Lucia, 4067 is the 1316th highest performer in Australia in this respect.
While St Lucia,4067 ranked number 773th in QLD for increase in median house value (annualised) increase, it is ranked 70th over the last 5 years.
St Lucia, 4067 is offering QLD ‘s 106th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
Often selling an investment property can take time, and in St Lucia the average time real estate has been on the market is 62.24 days.
Advertised rents are around the $560 mark per week – giving a return of 1.91% based on the median price in Suburb
Investment property in St Lucia has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.12%
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.
Our latest figures would indicate that property sellers in St Lucia are currently offering property investors an average price cut of -4.88% below the asking price at the moment.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.
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.