At number 1377th in the list of Australian suburbs ordered by increase in median house value over the last year, Murarrie, 4172 is in the top 40% with a property value increase of 1.89% recorded in median house prices.
While Murarrie,4172 ranked number 345th in QLD for increase in median house value (annualised) increase, it is ranked 234th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Murarrie, 4172. Typically our figures indicate that -4.49% is being offered, which puts this QLD suburb at 2816th most discounted overall in Australia.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 3.70%, investors should hope to achieve an overall return of 4.09%
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Prices slip in river suburb
Median house price: $604,500
Three-year growth: 16.7%
Rental yield: 3.9%
Murrarie’s house market has grown over the last three years, with the median price increasing 16.7%.
Murarrie is a residential and industrial suburb on the southern banks of the Brisbane River. While a yearly growth rate of -0.7% has been recorded in the last 12 months, Murarrie remains a popular suburb with a strong track record of long-term capital growth.
Bordering the Gateway Bridge and just 15 minutes’ drive from Brisbane’s CBD, Murarrie is a reasonably sized community of nearly 4,000 people. The suburb contains everything you need to call it home, with local facilities including childcare centres, shopping malls and several primary schools. It’s also where two popular Brisbane newspapers – the Courier Mail and Sunday Mail – are printed.
The median house price in Murarrie is $604,500, and with plenty of public transport options Murarrie is an affordable choice for landlords seeking a family home investment.