If you compare the increase in value of investment property in Eastern Heights, 4305 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 5.88%.
When looking at the potential capital gains offered to property investors over the last 3 years, Eastern Heights comes in at number 144th in QLD.
The most recent median price for Eastern Heights is $319500, with sellers offering an average of -5.67% off the asking price.
With the median price for a house in Eastern Heights being $319500 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.88%
A stone’s throw from the Ipswich CBD, the suburb of Eastern Heights is reporting fairly strong and consistent levels of growthFull summary
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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.Close