Giving property investors a an unimpressive capital gain of 0.50% for the last year, Greenslopes, 4120 is the 3091th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Greenslopes,4120 has racked up an average of 0.50% over the period. This ranks it number 1736th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Greenslopes should be aiming for at least -4.53% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 8.33 sales per month, which equates to 100 per year.
Greenslopes, 4120’s gross rental yield is 3.17%
If you compare the increase in value of investment property in Greenslopes, 4120 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -9.38%.
Greenslopes,4120 was ranked 1522 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Greenslopes are currently offering property investors an average price cut of -5.99% below the asking price at the moment.
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.”