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What returns can you expect from property in Morayfield?

By James Brown

The investment potential of property in Morayfield could be on the rise, as it emerges that gross returns on Brisbane homes have been increasing over recent months. The May CoreLogic RP Data Home Value Index revealed a 3.1 per cent year-on-year increase in Brisbane property prices, with investors enjoying decent returns on their real estate.

Total gross returns were valued at 7.9 per cent in the Queensland capital last month. CoreLogic RP Data therefore valued the median dwelling at around $463,000, which is something you'll need to factor into your decision to invest in the area.

Over the current growth cycle, the data shows that Brisbane property values have risen 10.6 per cent. This places the city higher than many other state capitals, including the likes of Canberra and Adelaide.

CoreLogic RP Data head of research Tim Lawless highlighted that rental returns aren't as strong as many investors would like at the moment, but this isn't deterring them from entering the market.

"Over the past three years, dwelling values have risen more than three times as fast as rents," Mr Lawless commented.

"Dwelling values are 24.2 per cent higher across the combined capitals over the past three years while weekly rents have risen by only 7.2 per cent."

This follows findings from SQM Research, which pointed to a rise in residential vacancies across the capitals throughout the course of April. Brisbane registered a vacancy rate of 2.3 per cent, up from the 2.1 per cent recorded in March this year. In April 2014, 2.2 per cent of properties were without tenants.

If you're eyeing an investment property in Morayfield, we're here to help make it a success. Speak to the team at Ray White Caboolture for guidance on finding real estate, and we're also able to help with property management, too.

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