Upper Mount Gravatt, 4122 ranked 645th in QLD when comparing growth in median property values or capital gain over the last 12 months. Upper Mount Gravatt is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Upper Mount Gravatt has increased when compared to the 5 year average annual rate.
At number 294th of QLD’s most discounted properties, Upper Mount Gravatt is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 8.50 sales per month, which equates to 102 per year.
Advertised rents are around the $420 mark per week – giving a return of 3.60% based on the median price in Suburb
Property value increases in Upper Mount Gravatt have tracked just lower than the QLD average of -0.57% over the last 12 months.
Upper Mount Gravatt,4122 was ranked 1284 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Upper Mount Gravatt should be aiming for at least -7.03% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1170 in a list of fastest selling suburbs, Upper Mount Gravatt is in the bottom 20% of suburbs in Australia with an average of days on market 112.714 for properties listed there.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of -0.45%, investors should hope to achieve an overall return of 6.45%