Greenslopes has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -10.06% to date .
A 21.19% growth in median value for property investors in Greenslopes,4120 puts this suburb at number 787th in terms of best performing suburbs in QLD
Property investors looking for a bargain in Greenslopes should be aiming for at least -8.14% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $490 mark per week – giving a return of 3.56% based on the median price in Suburb
At number 1040th in the list of Australian suburbs ordered by increase in median house value over the last year, Greenslopes, 4120 is in the BOTTOM 40% with a property value increase of -4.91% recorded in median house prices.
Over the longer term, Greenslopes has seen property prices show investors a -5.49% return over the last 3 years. This is an improvement over the last 12 months
Greenslopes, 4120 is offering QLD ‘s 145th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.
Greenslopes, 4120’s gross rental yield is 4.70%
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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.”