Greenslopes has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.20% to date .
Comparing Greenslopes,4120 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -9.01% to buyers in Greenslopes at the moment, which is less than average for the rest of QLD.
In the last year 81 properties changed hands in Greenslopes, which puts it as the 290th most active market in QLD when comparing the number of sales per suburb.
Situated 4.99km from the CBD, Greenslopes is one of Brisbane (C) localities in the postcode 4120.
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 -11.28%.
While Greenslopes,4120 ranked number 281th in QLD for increase in median house value (annualised) increase, it is ranked 160th over the last 5 years.
Property buyers and investors in Greenslopes 4120 should be seeing an average reduction in asking price of around -5.25% . This means that Greenslopes is holding prices well when compared to other suburbs in 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.”