Investment property in Upper Mount Gravatt has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.41%
If we look at median property appreciation over just the last three months, Upper Mount Gravatt has given property investors a paper return of -0.47%. This puts Suburb as 578 on a list of fastest fasting appreciating suburbs in QLD
The most recent median price for Upper Mount Gravatt is $636000, with sellers offering an average of -2.05% off the asking price.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.29%, investors should hope to achieve an overall return of 3.27%
With a capital gain of -2.39% for the last 12 months, Upper Mount Gravatt, 4122 has performed for property investments than its average annual 2.82% property growth over the last 5 years.
Comparing Upper Mount Gravatt,4122 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 2.82%.