Giving property investors a a stable capital gain of 0.74% for the last year, Mansfield, 4122 is the 1527th highest performer in Australia in this respect.
A 24.40% growth in median value for property investors in Mansfield,4122 puts this suburb at number 493th in terms of best performing suburbs in QLD
The most recent median price for Mansfield is $685000, with sellers offering an average of -4.99% off the asking price.
The QLD suburb of Mansfield, 4122 is in the Brisbane (C) local government area.
Comparing Mansfield,4122 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
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Median House Price: $685k
Current Yield (houses): 3.7%
Average annual growth (houses): 4.4%
Median Unit Price: $425k
Current Yield (units): 4%
Average annual growth (units): 4.3%
A suburb of Brisbane, Mansfield is located only 14km from Brisbane’s central business district. The market has made steady incline, with house values tracking an average annual growth rate of 4.4%, and unit values 4.3%.
Head of research at DSRdata.com.au and LocationScore, Jeremy Sheppard, says vacancy rates are on a good path. “They have tightened from 2% to a tad above 1% over the last couple of years,” he says.
“The percentage of stock on market peaked at over 1% in late 2018. But it fell sharply over the middle of 2019 to sit at around 0.5%.”
The breadth of schools in the immediate and surrounding region, as well as pockets of nature have made it popular for families.
Director of Metropole Property Strategists, Michael Yardney, says good infrastructure has also contributed towards the suburb becoming one of the most sought-after in south eastern Brisbane.
“[Mansfield] will also benefit greatly from the commercial and retail expansion of Mt Gravatt, but tucked away in a more family friendly environment,” Yardney says.
Unit values come in at the median price of $425k coupled with a strong rental yield of 4%. Investors can potentially take away a median weekly rental income of $490 for houses and $330 for units.
Original post: https://www.yourinvestmentpropertymag.com.au/top-suburbs/QLD-4122-mansfield.aspx