At number 3701th in the list of Australian suburbs ordered by increase in median house value over the last year, Eastern Heights, 4305 is in the BOTTOM 20% with a property value increase of 3.02% recorded in median house prices.
If we look at median property appreciation over just the last three months, Eastern Heights has given property investors a paper return of -1.92%. This puts Suburb as 981 on a list of fastest fasting appreciating suburbs in QLD
Eastern Heights4305 is located in QLD which offers an average discount of -4.90% to property investors. Eastern Heights itself is showing figures that indicate -7.51% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $335 and the average annual increase in value of a median property of 1.90%, investors should hope to achieve an overall return of 5.24%
Information supplied by:
Slow and steady
Median house price: $322,000
Three-year growth: 14.6%
Rental yield: 4.8%
A stone’s throw from the Ipswich CBD, the suburb of Eastern Heights is reporting fairly strong and consistent levels of growth.
Largely residential, this suburb may have limited amenities, but it certainly benefits from being very close to a CBD with an affordable price tag. As a result, Eastern Heights logged 13% growth in the March 2017-2018 period, with houses being on sale for just 46 days. Moreover, this suburb offers investors an average yield of 4.8% on rent off a weekly rate of $295.
Eastern Heights is surrounded by parks, and is home to a few sports fields. Silkstone Primary is in the neighbouring suburb of Silkstone, while Ipswich Central Primary is just to the west.