Property value increases in Greenslopes have tracked lower than the QLD average of 1.05% over the last 12 months.
If we look at median property appreciation over just the last three months, Greenslopes has given property investors a paper return of 0.00%. This puts Suburb as 351 on a list of fastest fasting appreciating suburbs in QLD
Property buyers and investors in Greenslopes 4120 should be seeing an average reduction in asking price of around -8.83% . This means that Greenslopes is holding prices well when compared to other suburbs in QLD.
In the last year 73 properties changed hands in Greenslopes, which puts it as the 300th most active market in QLD when comparing the number of sales per suburb.
The QLD suburb of Greenslopes, 4120 is in the Brisbane (C) local government area.
At number 567th in the list of Australian suburbs ordered by increase in median house value over the last year, Greenslopes, 4120 is in the top 40% with a property value increase of 0.76% recorded in median house prices.
Over the longer term, Greenslopes has seen property prices show investors a -2.44% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Greenslopes is offering property investors an average of -6.37. This rate of discount on properties puts Suburb at number 180th in terms of most discounted suburbs in QLD
Greenslopes is 280th on a list of best yielding suburbs for rents in QLD with a 4.55% return
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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.”