Over the last year, property investments in Burpengary, 4505 have given investors a capital gain of 7.31%. This compares favourably with the 2.19% for QLD as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Burpengary comes in at number 464th in QLD.
At number 707th of QLD’s most discounted properties, Burpengary is in the TOP 20% of the state/territory when listing in order of most discounted to least.
In the last year 217 properties changed hands in Burpengary, which puts it as the 38th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $20540 per annum or $395 every week.
Burpengary is an average performer in QLD when comparing median price capital growth over the last year. Burpengary gave property investors a good capital gain figure when compared to the rest of the state, with 3.34%.
While Burpengary,4505 ranked number 291th in QLD for increase in median house value (annualised) increase, it is ranked 235th over the last 5 years.
Property investors looking for a bargain in Burpengary should be aiming for at least -5.41% off the asking price, which is the average vendor discount being achieved at the moment.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 6.30%, without taking into account capital value appreciation, which has been averaging out at -0.53%.
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.Full summary
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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%.