Property value increases in South Brisbane have tracked close to the QLD average of 2.10% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Brisbane has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -12.86% to buyers in South Brisbane at the moment, which is less than average for the rest of QLD.
Advertised rents are around the $505 mark per week – giving a return of 2.93% based on the median price in Suburb
Investment property in South Brisbane has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.72%
Over the longer term, South Brisbane has seen property prices show investors a -7.22% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in South Brisbane should be aiming for at least -7.73% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in South Brisbane have been waiting around 122 days to sell a property.
South Brisbane, 4101’s gross rental yield is 5.07%
Information supplied by:
Nicole Tam
Ironfish
M
07 3166 0888
O
W
www.ironfish.com.au
E
brisbane@ironfish.com.au
SOUTH BRISBANE, 4101 ranked 220th in QLD when comparing growth in median property values or capital gain over the last 12 months. SOUTH BRISBANE is one of 2411 in our list for QLD.
When looking at the potential capital gains offered to property investors over the last 3 years, SOUTH BRISBANE comes in at number 93th in QLD.
SOUTH BRISBANE4101 is located in QLD which offers an average discount of -11.38% to property investors. SOUTH BRISBANE itself is showing figures that indicate -8.70% is the average achievable by property buyers investing in the suburb.
With the median price for a house in SOUTH BRISBANE being $449250 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 6.13%Full summary
SOUTH BRISBANE, 4101 ranked 220th in QLD when comparing growth in median property values or capital gain over the last 12 months. SOUTH BRISBANE is one of 2411 in our list for QLD.
When looking at the potential capital gains offered to property investors over the last 3 years, SOUTH BRISBANE comes in at number 93th in QLD.
SOUTH BRISBANE4101 is located in QLD which offers an average discount of -11.38% to property investors. SOUTH BRISBANE itself is showing figures that indicate -8.70% is the average achievable by property buyers investing in the suburb.
With the median price for a house in SOUTH BRISBANE being $449250 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 6.13%
Selling points:
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Location (Brisbane inner city)
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Vacancy rate 2.3%1 (March 2013)
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Rental return 5.87%2 (South Brisbane units over the last 12 months)
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Median rent at $465 per week3 (South Brisbane units)
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Increasing population growth
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Strong demand
South Brisbane is Australia No. 1 investment pick by ‘Your Investment Property’ magazine, due to the high demand for inner city rentals with a very low supply of rental stock.
Most sought-after properties: Apartments
Most common properties: Apartments and Houses
Top amenities: Southbank Parklands, Mater Hospital, Brisbane State High, Griffith Conservatorium of Music, Southbank TAFE, Gallery of Modern Art, QUT and Griffith Universities, Queensland Museum, Qld Performing Arts Centre
Local industry and business: Variety
Best streets: Boundary St (South Brisbane)
Public transport: Extremely well serviced transport infrastructure including train stations, priority busways, ferry services and both pedestrian and bicycle bridges to the CBD.
Main arteries:
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Go Between bridge (completed 2010) linking South Brisbane with the Inner City Bypass and the Airport Link Tunnel
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$63 million ‘Kurilpa’ pedestrian and bicycle bridge connecting South Brisbane to the Central Business District
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$40 million upgrade to the ‘Goodwill’ pedestrian/bicycle bridge from South Brisbane to Queensland University of Technology
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