Greenslopes is an average performer in QLD when comparing median price capital growth over the last year. Greenslopes gave property investors a average capital gain figure when compared to the rest of the state, with 13.22%.
Greenslopes,4120 was ranked 2345 in Australia by increase in median property value over the quarter.
Vendor discounting in Greenslopes is giving property investors an average Vendor Discount of around -4.75%. This puts suburb at number 329th in QLD when ranking the most discounted suburbs.
Situated 5.06km from the CBD, Greenslopes is one of Brisbane (C) localities in the postcode 4120.
Property value increases in Greenslopes have tracked higher than the QLD average of 8.71% over the last 12 months.
Greenslopes,4120 was ranked 920 in Australia by increase in median property value over the quarter.
Property buyers and investors in Greenslopes 4120 should be seeing an average reduction in asking price of around -2.94% . This means that Greenslopes is holding prices well when compared to other suburbs in QLD.
Renters in Suburb are facing rents around $19110 per annum or $367.5 every week.
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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.”