Investment property in Acacia Ridge 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 -3.66%
While Acacia Ridge,4110 ranked number 345th in QLD for increase in median house value (annualised) increase, it is ranked 241th over the last 5 years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Acacia Ridge itself are offering an average vendor discount of -7.38% to real estate investors.
In the last year 85 properties changed hands in Acacia Ridge, which puts it as the 245th most active market in QLD when comparing the number of sales per suburb.
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Buyers snap up houses quickly
Median unit price: $406,500
Three-year growth: 12.2%
Rental yield: 4.6%
Acacia Ridge is primarily residential, although an industrial pocket has been set up in the eastern part of the suburb. Automobile giant Toyota has established its managerial and distribution headquarters within the southern Queensland region here; moreover, one of the biggest railway freight yards in the state is located here.
There are several schools in Acacia Ridge, such as Watson Road State School, Acacia Ridge State School and Murri School.
House value growth rates have remained positive up to December 2018, although growth has slowed since 2013 with the average annual growth rate comes in at 2.2%. Nonetheless, houses are affordable, at a median price of $406,500, and sell quickly in 26 days on average.