QLD has seen average median house prices change by 1.66% which means that East Brisbane, 4169 has done well for property investors by showing a capital gain of -6.73% over the last year
Across a shorter period, East Brisbane, 4169 has seen a median price increase of -7.27% over the last quarter.
Property investors looking for a bargain in East Brisbane should be aiming for at least -5.25% off the asking price, which is the average vendor discount being achieved at the moment.
The QLD suburb of East Brisbane, 4169 is in the Brisbane (C) local government area.
With a capital gain of 6.48% for the last 12 months, East Brisbane, 4169 has performed for property investments than its average annual -0.73% property growth over the last 5 years.
Over the longer term, East Brisbane has seen property prices show investors a -9.55% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for East Brisbane is $402500, with sellers offering an average of -6.41% off the asking price.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
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An inner city suburb of Brisbane, located just 4 km east of the CBD, East Brisbane is a popular suburbs among young professionals and people downsizing. Nestled between Kangarro Point and Norman Park, the suburb is a relatively dense area with a number of apartments and townhouses built to cater for the growing demand from homebuyers and renters.
Although East Brisbane does not have a train station, it has regular bus service to and from the CBD. It also has good road links via the Southeast Freeway.
Residents enjoy full retail amenities of the CBD including those along Old Cleveland Road and Queen Street Mall. The suburb’s proximity to Mowbray Park means residents can enjoy some good picnic spots along the Brisbane River and waterfront parkland in Heath Park also provides waterfront parkland, located on the banks of Norman Creek.
The suburb has recorded solid growth over the last 10 years. Unlike the other Brisbane suburbs which are still struggling to recover from their 2008 peak, East Brisbane has continued to grow to another peak of $700,750 in June 2010.
“East Brisbane has a lot of large-scale developments going on including residential developments commercial developments and a lot of infrastructure spending such as the Cross River Rail Project - an $8 billion dollar development which is essentially going to take rail within the inner city underground. At the moment at peak time the rail network is at capacity and these should take some burden off that. It’s going to increase the level of accessibility to East Brisbane. In the near term, it’s going to cause some headache during construction but over the longer term it’s going to see significant growth for the region,” says PRDnationwide's Josh Brown.