QLD has seen average median house prices change by 1.66% which means that Holland Park, 4121 has done well for property investors by showing a capital gain of 3.68% over the last year
Holland Park,4121 was ranked 750 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -6.70% to buyers in Holland Park at the moment, which is less than average for the rest of QLD.
Advertised rents are around the $490 mark per week – giving a return of 3.41% based on the median price in Suburb
Holland Park is an average performer in QLD when comparing median price capital growth over the last year. Holland Park gave property investors a average capital gain figure when compared to the rest of the state, with -0.31%.
Over the longer term, Holland Park has seen property prices show investors a -17.27% return over the last 3 years. This is an improvement over the last 12 months
Often selling an investment property can take time, and in Holland Park the average time real estate has been on the market is 104.3 days.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.
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While it’s outside the inner-ring of Brisbane that has been performing so well recently, there are signs Holland Park is attracting attention.
On average, houses are spending 40 days on the market, which is shorter than most nearby suburbs, and Holland Park has also seen more houses sold over the past 12 months than its neighbours.
The median house price in Holland Park is also on the up, currently sitting at $645,000 after growing by 29% over the past three years.
In particular, Holland Park seems to be popular with young people; statistics from the ABS show the median age of residents in the suburb is 35, two years below the national median mark.
Around 10km from the Brisbane CBD, the amenities around Holland Park may have something to do with its attraction to young people.
Griffith University is close by; there are also a number of schools, while a nearby Westfield complex provides ample shopping opportunities.