QLD has seen average median house prices change by 0.78% which means that Berrinba, 4117 has done well for property investors by showing a capital gain of -2.39% over the last year
While Berrinba,4117 ranked number 492th in QLD for increase in median house value (annualised) increase, it is ranked 539th over the last 5 years.
Vendor discounting in Berrinba is giving property investors an average Vendor Discount of around -5.26%. This puts suburb at number 555th in QLD when ranking the most discounted suburbs.
With the median price for a house in Berrinba being $439250 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.97%
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Berrinba, located 24 km from the Brisbane CBD is a hidden gem that has seen phenomenal growth over the past 30 years. According to Residex figures, over the past 31 years, the suburb enjoyed an average growth of 15.2% per annum from a low base of $5,162 as at September 1979. Median house price has since climbed to its peak at $421,599 in June 2010 before easing to its current median of $414,544.
The suburb of 149 residents is highly accessible via the Logan Motorway that connects to the Pacific Highway and to Ipswich Road. This excellent road connectivity reduces travel time to the Gold Coast, Ipswich or to the airport.