Durack and Inala top the REIQ Brisbane's 12 highest yielding suburbs for housing investment
The Brisbane suburbs with the top yields for houses could earn investors a 6.2% gross yield, according to the Real Estate Institute of Queensland.
Durack and Inala – postcode 4077 – top the list of Brisbane suburbs with high yields at 6.2%.
Property Observer completed a brief survey of the suburbs to see the reality on the ground. Most yields came close though yields in Wakerley were somewhat below published figures.
Brisbane suburbs rank quite low compared to the rest of Queensland. The top Brisbane locality is beaten by 23 other localities in Queensland.
The median sale price in the locality is $283,804 with a median weekly rent of $337, according to the REIQ.
According to RP Data, median prices in Durack and Inala, in the outer south west, dropped 2.4% and 4.6% respectively.
A four-bedroom, two-bathroom house at 12 Dongola Street, Durack (pictured below) is listed for sale at $575,000. The house is currently leased at $750 per week giving a potential gross yield of 6.78%.
It is being sold by agent Linh Vo from Ray White.
A three-bedroom house at 4 Briset Street, Durack is under contract after being listed for sale at $265,000. It currently rents at $270 per week giving a potential gross yield of 5.3%.
It is being sold by Thu Van from Brisbane Real Estate.com.au.
A three-bedroom house at 10 Monoceros Street, Inala (pictured below) is listed for sale at $269,000. Agent Matt Moran from Ray White markets the property as having $300-plus per week rent potential giving a potential gross yield of up to 6%.
According to the ABS, postcode 4077 has a population of 25,157 people with a strong immigrant population. According to the 2011 census, 57.7% of respondents have both parents born overseas and 23% recorded Vietnamese as their language spoken at home.
Bald Hills, number two on the list, has gross yields of 5.5% according to the REIQ.
The median price in the outer northern suburb is $365,000 and the median weekly rent is $387. According to RP Data, the median price increased 1.8% last year.
A four-bedroom house at 11 Portico Place, Bald Hills was listed for sale at $340,000. In March it was advertised for rent at $355 per week giving a potential gross yield of 5.43%.
It was being sold by David Kopelke from Ray White.
A three-bedroom house at 125 Miles Street, Bald Hills (pictured below) is listed for sale at $395,000. In May last year it was advertised for rent at $380 per week, giving a potential gross yield of 5%.
It is being sold by Carl Calio from Calio & Scott.
Wakerley, in the outer south east, has yields of 5.4%, according to the REIQ. The median price is $529,250 and the median weekly rent is $547.
According to RP Data, the median price dropped 3.2% in the last year.
A four-bedroom house at 13 Lexey Crescent, Wakerley is listed for sale at $495,000. It is currently leased at $470 per week giving a potential gross yield of 4.94%.
It is being sold by Debbie Evans from livinghere.
A three-bedroom house at 612 Manly Road, Wakerley is listed for sale at $379,000. It currently rents at $300 per week giving a potential gross yield of 4.12%.
It is being sold by Tony Dean from James Dean Residential.
Click to enlargeSource: REIQ