If you compare the increase in value of investment property in Mansfield, 4122 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 9.96%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mansfield has increased when compared to the 5 year average annual rate.
Property buyers and investors in Mansfield 4122 should be seeing an average reduction in asking price of around -2.67% . This means that Mansfield is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 9.58 sales per month, which equates to 115 per year.
Mansfield is 644th on a list of best yielding suburbs for rents in QLD with a 3.34% return
QLD has seen average median house prices change by 8.71% which means that Mansfield, 4122 has done well for property investors by showing a capital gain of -6.59% over the last year
If we look at median property appreciation over just the last three months, Mansfield has given property investors a paper return of 1.19%. This puts Suburb as 236 on a list of fastest fasting appreciating suburbs in QLD
In the last year 11 properties changed hands in Mansfield, which puts it as the 398th most active market in QLD when comparing the number of sales per suburb.
Mansfield, 4122’s gross rental yield is 4.96%
Information supplied by:
Median House Price: $685k
Current Yield (houses): 3.7%
Average annual growth (houses): 4.4%
Median Unit Price: $425k
Current Yield (units): 4%
Average annual growth (units): 4.3%
A suburb of Brisbane, Mansfield is located only 14km from Brisbane’s central business district. The market has made steady incline, with house values tracking an average annual growth rate of 4.4%, and unit values 4.3%.
Head of research at DSRdata.com.au and LocationScore, Jeremy Sheppard, says vacancy rates are on a good path. “They have tightened from 2% to a tad above 1% over the last couple of years,” he says.
“The percentage of stock on market peaked at over 1% in late 2018. But it fell sharply over the middle of 2019 to sit at around 0.5%.”
The breadth of schools in the immediate and surrounding region, as well as pockets of nature have made it popular for families.
Director of Metropole Property Strategists, Michael Yardney, says good infrastructure has also contributed towards the suburb becoming one of the most sought-after in south eastern Brisbane.
“[Mansfield] will also benefit greatly from the commercial and retail expansion of Mt Gravatt, but tucked away in a more family friendly environment,” Yardney says.
Unit values come in at the median price of $425k coupled with a strong rental yield of 4%. Investors can potentially take away a median weekly rental income of $490 for houses and $330 for units.