QLD has seen average median house prices change by 2.19% which means that Greenslopes, 4120 has done well for property investors by showing a capital gain of 7.41% over the last year
A 36.81% growth in median value for property investors in Greenslopes,4120 puts this suburb at number 749th in terms of best performing suburbs in QLD
Sellers are offering property buyers an average discount of -7.86% to buyers in Greenslopes at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in Greenslopes the average time real estate has been on the market is 72.01 days.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.08%, without taking into account capital value appreciation, which has been averaging out at 4.31%.
If you compare the increase in value of investment property in Greenslopes, 4120 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.66%.
Greenslopes,4120 has offered an average of -0.66% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Greenslopes 4120 should be seeing an average reduction in asking price of around -5.38% . This means that Greenslopes is holding prices well when compared to other suburbs in QLD.
Advertised rents are around the $360 mark per week – giving a return of 4.16% based on the median price in Suburb
Greenslopes lies around 5km south of the Brisbane CBD and encompasses the Greenslopes Mall and Greenslopes Private Hospital. Road access to the city is good, via the Pacific Motorway, but the nearest train station is a couple of kilometres away at Fairfield.Full summary
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Greenslopes lies around 5km south of the Brisbane CBD and encompasses the Greenslopes Mall and Greenslopes Private Hospital. Road access to the city is good, via the Pacific Motorway, but the nearest train station is a couple of kilometres away at Fairfield.
Hot Property Specialists’ Liz Wilcox adds however that the bus options here are just as good, if not better, than nearby Holland Park’s thanks to Logan Road and the express busway.
Units here have an affordable median price tag and decent yields that are expected to rise in line with Brisbane’s tightening rental market.
Wilcox suggests that the area’s unit market will attract young professionals and healthcare workers, and with this in mind she recommends targeting the streets close to the hospital (just to the west of Logan Road) and the shopping centre (just to the east of Logan Road).
When it comes to what to buy, she suggests going for a modern or revamped unit to cater for tenant expectations and receive the best yields, as the old six-packs have “had their day.”