At number 1469th in the list of Australian suburbs ordered by increase in median house value over the last year, Kuraby, 4112 is in the top 40% with a property value increase of 1.59% recorded in median house prices.
Over the longer term, Kuraby has seen property prices show investors a 8.88% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.03% offered to property buyers. Sellers in Kuraby itself are offering an average vendor discount of -5.55% to real estate investors.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 3.39%, without taking into account capital value appreciation, which has been averaging out at 4.00%.
Property value increases in Kuraby have tracked close to the QLD average of -0.13% over the last 12 months.
Over the longer term, Kuraby has seen property prices show investors a -3.72% return over the last 3 years. This is an improvement over the last 12 months
In the last year 16 properties changed hands in Kuraby, which puts it as the 262th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of -0.37%, investors should hope to achieve an overall return of 6.78%