Investment property in Burpengary has done 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 3.92%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Burpengary has increased when compared to the 5 year average annual rate.
The most recent median price for Burpengary is $474500, with sellers offering an average of -3.72% off the asking price.
Renters in Suburb are facing rents around $21320 per annum or $410 every week.
At number 961th in the list of Australian suburbs ordered by increase in median house value over the last year, Burpengary, 4505 is in the BOTTOM 50% with a property value increase of 4.94% recorded in median house prices.
Burpengary,4505 was ranked 1259 in Australia by increase in median property value over the quarter.
The most recent median price for Burpengary is $276000, with sellers offering an average of -3.22% off the asking price.
At number 1189 in a list of fastest selling suburbs, Burpengary is in the bottom 30% of suburbs in Australia with an average of days on market 80.32 for properties listed there.
Advertised rents are around the $335 mark per week – giving a return of 6.31% based on the median price in Suburb
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Situated within the Moreton Bay region, the suburb of Burpengary is regarded as one of the area’s fastest-growing residential suburbs, with many amenities popping up in recent years including major supermarkets like ALDI.
There are also three primary schools and two high schools in town. For recreation, the Caboolture Regional Aquatic Centre is the place to be, with its many sports and picnic facilities. Burpengary is just 10km from the new satellite city of North Lakes, and it is served by a local railway station, making commutes easy.
Thus, it is no surprise that the housing market has consistently grown, with the average rental return coming in at nearly 5%. While the unit market has stumbled slightly over the past 12 months, returns are very strong at 7%.