Property value increases in Capalaba have tracked just lower than the QLD average of 0.78% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Capalaba has increased when compared to the 5 year average annual rate.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Capalaba itself are offering an average vendor discount of -5.83% to real estate investors.
Capalaba has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of -0.82% to date .
If we look at median property appreciation over just the last three months, Capalaba has given property investors a paper return of -2.42%. This puts Suburb as 247 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Capalaba should be aiming for at least -5.91% off the asking price, which is the average vendor discount being achieved at the moment.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 6.36%, without taking into account capital value appreciation, which has been averaging out at 0.49%.