Hidden Brisbane property gem revealed
An under-the-radar suburb in a heating up Brisbane market has been tipped to be the next hotspot for real estate investors, according to ind...
The suburb’s capital gain of 1.05% for the past year is lower than average compared to its 31.86% growth within a five-year period.
Also in FORESTVILLE, the median home price is sitting at $1,500,525, and the average rent at $895, this suggests property owners could potentially earn a 3.1% increase in gross rental yield.
Property investors have seen a 5.12% gain in FORESTVILLE based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.07% growth over a ten-year period. It ranks 568th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,500,525 | $860,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.12% | -3.64% |
| Median 12 month | 1.05% | -4.97% |
| Median 3 years | 3.73% | -8.27% |
| Median 5 years | 31.86% | -14.56% |
| 10 years average annual | 7.07% | 6.19% |
| Weekly media advert. rent | $895 | $650 |
| Time on Market | 57.5 days | 0.0 days |
| Gross Rental Yield Percent | 3.1% | 3.93% |
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