SUBURB IN THE SPOT LIGHT: KEPERRA
In this post we will be shining a light on a suburb that is attracting a lot of attention from investors and owner occupiers alike, this increased demand has been building for several years, being fueled by several factors which have resulted in Keperra being one of the hottest markets in Brisbane!
Just 10km direct line from the Brisbane CBD, Keperra has slipped under the radar for many years, often being overlooked or underrated, but with Brisbane’s population growing and the demand for a more affordable entry level price point, buyers are paying close attention to this suburb, and as a result, prices are moving!!
The median sales price for houses in Keperra in the last year was $537,250 based on 130 home sales. Compared to the same period five years ago, the median house sales price for houses increased 31.0% which equates to a compound annual growth rate of around 5.6%. This consistent growth paired with a healthy rental yield has created an appealing proposition for investors, and over the last 2 years interstate interest in the suburb has been at an all time high.
Over the last 10 years the stats on rental yields show the suburb consistently achieving between 4% & 5% Gross rental yield. In addition the suburb enjoys around 60 percent owner occupier to 30% Renter ratio which is another key indicator Cooper Jackson Buyers Agency & Property Management Centre looks for when shortlisting Brisbane hot spots.
Another interesting statistic to consider is the make up of the house hold structure, around 60% of the population are childless couples or couples with children giving the area a very family orientated demographic. As mentioned earlier there is strong interstate demand for the suburb from investors, a key influence for investors is the train network that services the area, the Ferny Grove line features two stops in this suburb which provide great connection to the CBD, as well as local Shops, Cafes and supermarkets. Phone Kerry on 0400 872 232 for info.