Property investors who have had real estate in Cedar Vale, 4285 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.50%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cedar Vale has increased when compared to the 5 year average annual rate.
Property buyers and investors in Cedar Vale 4285 should be seeing an average reduction in asking price of around -4.91% . This means that Cedar Vale is holding prices well when compared to other suburbs in QLD.
Cedar Vale, 4285’s gross rental yield is 5.44%
Information supplied by:
Logan suburb maintains growth
Median house price: $497,000
Three-year growth: 10.4%
Rental yield: 5.5%
A suburb that became part of the city of Logan a decade ago, Cedar Vale is looking to see quite a bit of growth coming in.
The suburb has maintained a strong streak of price increases since July 2013. The July 2017-2018 period alone generated 7.5% growth, and values went up by a further 5% in the three months to July 2018 to hit a median of $497,500.
The suburb is around 15 minutes away from the Logan CBD. It is popular with families because it is surrounded by many schools in the neighbouring suburbs, including Veresdale Scrub State School and Woodhill State School to the west and Jimboomba State School and Emmaus College to the north. There are also several parks in the suburb which are secure, making them ideal as children’s play areas.