Greenbank has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.85% to date .
Comparing Greenbank,4124 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.68% offered to property buyers. Sellers in Greenbank itself are offering an average vendor discount of -8.30% to real estate investors.
Often selling an investment property can take time, and in Greenbank the average time real estate has been on the market is 103.36 days.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.74%, without taking into account capital value appreciation, which has been averaging out at 0.99%.