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Geebung

POSTAL CODE: QLD, 4034
HOUSE

Property investors enjoyed capital gains of 12.38% over the last 12 months in GEEBUNG, 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 the QLD suburb obtained a 9.41% growth over a ten-year period. It ranks 269th on our list of suburbs that property investors should look into.

GEEBUNG, 4034 has a capital gain of 12.38% for the past year, which is lower than average compared to its 95.69% growth within a five-year period.

With the median home price in GEEBUNG sitting at $1,180,000, and the average rent at $700, property owners could potentially earn a 3.08% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in GEEBUNG are low, as opposed to average gains per annum over the past five years.

GEEBUNG, 4034 in QLD belongs to the local government area of Brisbane.

Surburb overview

Geebung, located approximately 12 kilometres north of Brisbane’s CBD, is a quiet residential suburb known for its family-friendly atmosphere and proximity to essential amenities. The suburb has a population of around 4,850 people, with the predominant age group being 30-39. Geebung’s community comprises families and professionals, contributing to its strong sense of community and appeal as a desirable place to live.

The housing market in Geebung has seen significant growth. The median house price is $1,072,662, reflecting a 94.65% increase over the past five years. Units in the area have also appreciated, with a median value of $757,468. The rental market is robust, with median rents of $625 per week for houses and $450 per week for units, providing rental yields of 3.54% and 4.32%, respectively.

Geebung offers several recreational options, including parks and green spaces, making it a great suburb for families with children. It is conveniently located near Westfield Chermside, one of Brisbane's largest shopping centres, providing access to various retail, dining, and entertainment options. Public transportation is accessible via the Geebung railway station, which connects the suburb to the Brisbane CBD and surrounding areas.

The suburb has reputable schools, including Geebung State School and St Kevin’s School, catering to the educational needs of local families. Geebung’s quiet streets and proximity to amenities such as parks and shops make it an excellent choice for those seeking a balance between suburban living and city convenience.

 

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