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...
PEGS CREEK, 6714 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $360,000.
Profits due to an upward trend in home prices in the suburb averaged 17.19% per annum over a 3-year period.
PEGS CREEK now ranks at the 58th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in PEGS CREEK are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PEGS CREEK, homes and units usually stay on listing for an average of 52.2 days.
In 2016, 38 properties were sold in PEGS CREEK during the past year, making it the 182nd most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $360,000 | $195,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.35% | 0% |
| Median 12 month | 23.71% | 18.18% |
| Median 3 years | 51.58% | 30% |
| Median 5 years | -25.7% | N/A |
| 10 years average annual | -4.55% | 7.53% |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 52.2 days | 0.0 days |
| Gross Rental Yield Percent | 6.5% | N/A |
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