Property investors enjoyed capital gains of 23.31% over the last 12 months in FORTITUDE VALLEY, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that FORTITUDE VALLEY, 4006 obtained a 3.76% growth over a ten-year period. It ranks 1140th on our list of suburbs that property investors should look into.
FORTITUDE VALLEY, 4006 has a capital gain of 23.31% for the past year, which is higher than average compared to its 54.15% growth within a five-year period.
With the median home price in FORTITUDE VALLEY sitting at $630,000, and the average rent at $650, property owners could potentially earn a 5.37% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in FORTITUDE VALLEY are low, as opposed to average gains per annum over the past five years.
FORTITUDE VALLEY, 4006 in QLD belongs to the local government area of Brisbane.