At number 1553th in the list of Australian suburbs ordered by increase in median house value over the last year, Petrie, 4502 is in the top 40% with a property value increase of 15.55% recorded in median house prices.
A 25.45% growth in median value for property investors in Petrie,4502 puts this suburb at number 287th in terms of best performing suburbs in QLD
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in Petrie itself are offering an average vendor discount of -3.05% to real estate investors.
Petrie has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.48% to date .
If we look at median property appreciation over just the last three months, Petrie has given property investors a paper return of -1.24%. This puts Suburb as 332 on a list of fastest fasting appreciating suburbs in QLD
Using the current median advertised rental of $350 and the average annual increase in value of a median property of -1.23%, investors should hope to achieve an overall return of 5.85%