Investment property in Brendale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.31%
In the last year 12 properties changed hands in Brendale, which puts it as the 831th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $20670 per annum or $397.5 every week.
Investment property in Brendale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.55%
When looking at the potential capital gains offered to property investors over the last 3 years, Brendale comes in at number 177th in QLD.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.43% offered to property buyers. Sellers in Brendale itself are offering an average vendor discount of -6.22% to real estate investors.
Residents and property investors in Brendale have been waiting around 81.5806 days to sell a property.
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Affordable suburb offers good yields
Median unit price: $389,000
Three-year growth: 0.6%
Rental yield: 4.6%
One of the industrial hubs of the Pine Rivers region, Brendale enjoys an advantageous location less than 20km from the Brisbane CBD.
Despite a stumble that had house values slipping by 0.3% in the year to January 2019, the January 2019 quarter recorded a recovery for the suburb, with prices going up by 8.1% in this period to hit a median of $389,000. Coupled with reasonable yield and strong demand from buyers, Brendale could be a great option for investment.
The suburb was named for a horse stud that belonged to a land developer. Since its establishment in around 1870, Brendale had undergone much change. The Brendale Farmers Market makes it home on Kremzow Road, and there are sports facilities in the suburb, including two golf courses, a driving range and a sporting complex. There is also a small park near a housing estate.