Over the last year, property investments in Greenslopes, 4120 have given investors a capital gain of -12.20%. This compares very badly with the 0.78% for QLD as a whole.
Greenslopes,4120 has offered an average of -12.20% return per annum in house price rises to property investors over the last three years.
The most recent median price for Greenslopes is $720000, with sellers offering an average of -7.12% off the asking price.
With the median price for a house in Greenslopes being $720000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.54%
QLD has seen average median house prices change by -0.57% which means that Greenslopes, 4120 has not done well for property investors by showing a capital gain of 5.26% over the last year
The five-year average increase in median property values for Greenslopes,4120 has given property investors a potential capital gain of 5.81% across each of those five years.
At number 168th of QLD’s most discounted properties, Greenslopes is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $18720 per annum or $360 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.”