Property value increases in Petrie have tracked just lower than the QLD average of 1.66% over the last 12 months.
While Petrie,4502 ranked number 591th in QLD for increase in median house value (annualised) increase, it is ranked 431th over the last 5 years.
Property buyers and investors in Petrie 4502 should be seeing an average reduction in asking price of around -3.86% . This means that Petrie is holding prices well when compared to other suburbs in QLD.
A $395 per week rent on the median house gives suburb investors a gross yield of circa 4.64%, without taking into account capital value appreciation, which has been averaging out at 1.42%.
Investment property in Petrie has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.85%
While Petrie,4502 ranked number 271th in QLD for increase in median house value (annualised) increase, it is ranked 199th over the last 5 years.
Residents and property investors in Petrie have been waiting around 79 days to sell a property.