With a capital gain of 3.04% for the last 12 months, Durack, 4077 has performed for property investments than its average annual 2.83% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Durack comes in at number 318th in QLD.
LACK OF BUYER INTEREST may well be the reason that Durack is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 272th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 5.00 sales per month, which equates to 60 per year.
With a capital gain of -11.29% for the last 12 months, Durack, 4077 has performed for property investments than its average annual -3.92% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Durack has fallen somewhat when compared to the 5 year average annual rate.
In the last year 11 properties changed hands in Durack, which puts it as the 314th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $385 weekly from the median priced house in this suburb.
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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.