At number 3798th in the list of Australian suburbs ordered by increase in median house value over the last year, Durack, 4077 is in the BOTTOM 10% with a property value increase of -11.12% recorded in median house prices.
While Durack,4077 ranked number 840th in QLD for increase in median house value (annualised) increase, it is ranked 619th over the last 5 years.
Property buyers and investors in Durack 4077 should be seeing an average reduction in asking price of around -9.49% . This means that Durack is holding prices well when compared to other suburbs in QLD.
Often selling an investment property can take time, and in Durack the average time real estate has been on the market is 72.3415 days.
With the median price for a house in Durack being $395000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.00%
At number 1398th in the list of Australian suburbs ordered by increase in median house value over the last year, Durack, 4077 is in the BOTTOM 10% with a property value increase of -13.11% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Durack,4077 has racked up an average of -13.11% over the period. This ranks it number 1488th in the whole country for real estate investors looking at median house price increases.
Situated 13.94km from the CBD, Durack is one of Brisbane (C) localities in the postcode 4077.
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Brisbane suburb provides convenience
Median house price: $412,000
Three-year growth: 5.8%
Rental yield: 4.8%
Named for one of the original landowners in the district, the outer suburb of Durack enjoys proximity to Brisbane, being just 15km from the centre of town.
Durack has long-term potential for growth, which is evident through its positive streak from 2014-2017. Houses are reasonably affordable at under $450,000, especially given its location. It also offers landlords strong rental returns at an average of 4.8%.
Public transport is convenient, with route 110 buses going to the Brisbane CBD and the Salisbury train station being close by. Route 466 buses can also bring commuters to the Richlands station.
Despite its name, Inala State School is actually located in Durack, along with Durack Primary School and Glenala High School. There are several shopping hubs in the vicinity, with a Bunnings and a Harvey Norman only 2km away.