Keith Brady Real Estate
544 South Pine Road Everton Park
07 3355 0455
07 3355 9931Contact us
With interest rates hitting record lows this month, down to just 2.75%, it’s no wonder buyers are out in force bringing Queensland real estate sales figures up significantly from the same time last year. We’ve reported several times recently about the advantages of buying in the present market conditions; however, we thought it might be worthwhile to share another poignant fact about the Everton Park real estate market.
RP Data has released some very interesting figures. The median house price in Everton Park (as of February) is $461,396, while the median Everton Park rent is $400/week, with a 5 year average annual change of 3.3%. Everton Park’s gross rental yields are now at 4.3%. These numbers add up to one very big opportunity for anybody thinking of buying an investment property in Everton Park. Rental yields are incredibly high and interest rates are historically low, and it could be argued that competition for investment properties is now at its lowest in some time with the Queensland Government withdrawing their incentive for first home buyers.
Naturally you will need to borrow and invest wisely to ensure you make the most of current conditions. We suggest you speak to a financial expert to discuss the best mortgage for your personal situation; and that you visit us at Professionals Keith Brady Real Estate to determine the best available property options for your investment needs. However, with the right advice, now is a great time to begin – or add to – your investment portfolio with remarkably little impact on your cash flow.