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Figures from the previous quarter show that capital gains for real estate buyers in Petrie Terrace are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $740 based on current median home prices for the suburb.
On average, rents on listings have reached the $740 mark, reflecting a 2.85% increase in returns based on the current median price in Petrie Terrace.
Petrie Terrace, 4000 ranks 919th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 634th on the list of best yielding suburbs for rental properties in QLD, posting a 2.85% return.
Petrie Terrace, Queensland 4000, is an inner-city suburb just 2 kilometres west of Brisbane’s central business district (CBD). Known for its rich history and heritage, Petrie Terrace has a unique character that blends old-world charm with modern amenities. The suburb is predominantly residential, featuring a mix of heritage-listed cottages and contemporary homes, making it a desirable location for young professionals and families.
The population of Petrie Terrace is approximately 1,168. The predominant demographic is between 20 and 29, with a significant proportion of the population working in professional occupations. The area has a median household income of around $1,843 per week, reflecting the relatively affluent nature of its residents. Most people report their religion as "No Religion," and most were born in Australia.
The median house price in Petrie Terrace is around $1,292,750, and houses typically spend an average of 24 days on the market. The suburb has experienced a median annual growth rate of 13.20% for houses. At the same time, rental properties attract a median rent of $750 per week for houses and $410 per week for units, providing rental yields of 3.33% and 5.01%, respectively.
Petrie Terrace is well-serviced by public transportation, with easy access to buses that connect to Brisbane’s CBD and surrounding suburbs. The suburb is also within walking distance of Roma Street Parkland and Caxton Street, a lively precinct known for its restaurants, bars, and entertainment venues. Educational institutions nearby include the Albert Park Flexible Learning Centre and various schools in the neighbouring suburb of Paddington.
The suburb’s proximity to the CBD, distinctive historical architecture, and vibrant atmosphere make Petrie Terrace an appealing choice for residents seeking an inner-city lifestyle without compromising community feel.