Boosting Housing Supply Critical To Warding Off Further Price Growth: NAB
NAB’s Ross McEwan fronted the economics committee on Friday and called on the government to enact “decisive moves”...
BRISBANE CITY, 4000 has a capital gain of -5.56% for the past year, which is lower than average compared to its -5.56% growth within a five-year period.
With the median home price in BRISBANE CITY sitting at $467,500, and the average rent at $450, property owners could potentially earn a 5.01% increase in gross rental yield.
Property investors have seen a -0.53% drop in BRISBANE CITY based on a decrease 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 BRISBANE CITY, 4000 obtained a -0% decrease over a ten-year period. It ranks 1759th on our list of suburbs that property investors should look into.
If you think a cosmopolitan, riverside lifestyle suits you, then Brisbane just might have the answer to all your needs. Its nearly 10,000 residents couldn’t agree more.
Over 1.2 million tourists arrived on its shores last year, which only goes to show that Brisbane can certainly compete with other Australian cities in terms of what it has to offer for its swelling number of visitors. The city has a wealth of must-visit heritage landmarks, which include the City Botanic Gardens, King George Square, Post Office Square, Queens Gardens, the Parliament House, and the Brisbane City Hall.
Real estate environment
Brisbane City real estate is largely a rental market and most of those who are shopping around for properties in the area are looking for places to rent. This explains the rising rents in Brisbane, which has grown by over 5 per cent in the past year – faster than its median home price during the same period. Developers continue to pay attention to the market, and billion-dollar projects are slated to rise in new precincts in Brisbane.
On the whole, Brisbane was a buyer’s market at the beginning of the year, as sellers were yet to profit from the sale of their homes. Growth is marginal for Brisbane, averaging between 3 per cent to 5 per cent growth per year; however, some suburbs have already exceeded that pace. Foreign and interstate buyers are responsible for much of the activity in Brisbane and other property investment hotspots in Queensland.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-5.56%|
|Median 3 years||N/A||-4.83%|
|Median 5 years||N/A||-5.56%|
|10 years average annual||N/A||-0%|
|Weekly media advert. rent||N/A||$450|
|Time on Market||N/A||80.2 days|
|Gross Rental Yield Percent||N/A||5.01%|