Suburb Spotlight: Chandler, Mansfield and Gordon Park Rental Update

Suburb Spotlight: Chandler, Mansfield and Gordon Park Rental Update

According to property research company RP Data, almost one in three Brisbane properties are now selling above their listing prices.

This will come as welcome news for homeowners and property investors alike, representing growing demand for the River City.

More surprising though, are the suburbs where asking prices are being beaten on a consistent basis. Here we look at three of these most popular Brisbane suburbs.

Gordon Park

Gordon Park Brisbane

Gordon Park offers buyers a mix of pre-war and post-war architecture, with nearby parkland to explore. Property tends to be on the generous side in terms of size, and though local amenities such as restaurants and retail are few (neighbouring Wilston Village fills the gap) the express busway link to the CBD which is under construction will prove a valuable addition.

Buyers in Gordon Park will find prices comparable to surrounding areas though will be pleasantly surprised at how much land they get for their dollar. 12-month growth is similar to that experienced in Chandler (around 9.25%), though the average rental yield of 3.8% on a $ 655,500 investment doesn’t offer the returns currently available in Mansfield.

Key Rental Stats (postcode: 4031)

  • Average Weekly Rent: $ 403.40
  • Vacancy Rate: 2.0%

Chandler

Chandler Brisbane

According to RP Data’s report, Chandler has become Brisbane’s most sought after suburb with nearly three quarters of sales in the January to June period coming in above asking price. It has even been dubbed ‘the Hollywood of Brisbane’ by one agent, referring to its ability to maintain value and its proximity to the CBD

Chandler is fast becoming the millionaire’s suburb of choice, with the average home price now standing above $ 1.1 million and having increased by more than 6.5% over the last quarter alone. Homes are on the market for about three months on average, but are often seeing two or more bidders which is helping to push prices.

Key Rental Stats (based on a two bedroom house)

  • Average Weekly Rent: $ 674.40
  • Vacancy Rate: not available

Mansfield

Mansfield Brisbane

Mansfield was originally constructed largely of authority homes, though these have mostly been replaced by private residences. The suburb benefits from some fantastic parks and bushland, as well as several schools and good transportation links into the CBD.

Mansfield house prices have increased by an average of over 12% over the last 12 months, to a median price of $ 535,000. For investors looking for income, the average weekly rent is now $ 450 and produces a gross yield of 4.37%. Selling time has come down to just 26 days on average withy two thirds of homes sold above asking price.

Key Rental Stats (postcode: 4122)

  • Average Weekly Rent: $ 420.40
  • Vacancy Rate: 2.3%

 

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Property Management Brisbane

Brisbane – Beautiful Home , Ideal for the Young Family!!

Brisbane – Beautiful Home , Ideal for the Young Family!!

$ 460 weekly
50 Edenvale Street, Oxley

Listing ID: PR1095436

Located in a very peaceful quiet leafy street is this well-kept and immaculate 3 bedroom 2 bathroom family home.

This very sizable open plan upstairs area boasts a recently renovated kitchen, offering plenty of cupboard space and oodles of storage.

The bedrooms are bright and airy with the master offering a brand new split system air con unit.
All the bedrooms have ceiling fans and built in robes.

Downstairs there is a very sizable living area , ideal for an office or study with the added bonus of a second bathroom. The downstairs area also offers a workshop, perfect for the tradie.

The downstairs area leads to a huge patio/entertainment, ideal for those lazy summer moments, offering privacy and seclusion for the family.

Property Features

*** 3 Good sized Bedrooms
*** 2 Bathrooms
*** 2 Air Con Units
*** Open Plan Living
*** Built in Robes
*** Ceiling Fans
*** Work Shop
*** Second Living Area/ Study
*** Enormous Water Tank
*** Double Lock Up Garage with Remote
*** Veggie Patch
*** Low Maintenance
*** Close to Shops, Schools and Transport

This immaculate home is located in the beautiful and practical suburb of Oxley, designed to meet the needs of young professionals and families alike. With schools, local parks and shops within walking distance.
Everything you need is within walking distance.
Make this beautiful home the top of your inspection list today.

Would you like to view this property?

Go directly to www.rentalexpress.com.au to book your inspection or register to join an existing inspection. You can choose a day and time that suits you.

PLEASE NOTE, if you do not register online, we cannot notify you of any time changes or cancellations to inspections.

The fastest and easiest way to apply for this property is by clicking the ‘Apply Now’ button on the Rental Express website and completing your details online. Alternatively, you can download and complete an application form and submit it to our representative at the inspection.

*Important* Whilst every care is taken in the preparation of the information contained in this marketing, Rental Express will not be held liable for any errors in typing or information. All information is considered correct at the time of advertising.

House Features

General Features
  • Bedroom: 3
  • Bathrooms: 2
  • Garaging: 2
Internal Features
  • Air Conditioning
  • Reverse Cycle Airconditioning
Specialty Rooms
  • Study

Courtney McKee

Phone: 07 3452 9610
Email: courtney.mckee@rentalexpress.com.au


Rental Properties Brisbane

Recently Rented – Brisbane – Fresh and easycare unit with leafy aspect!

Recently Rented – Brisbane – Fresh and easycare unit with leafy aspect!

$ 380 weekly
Hawthorne

Listing ID: PR1033280

Light filled throughout and set in a quiet complex of only 6 units in a leafy, tree lined street in the sought after riverside suburb of Hawthorne. You’ll love calling this beautiful unit home.

Offering a relaxed, easy-care lifestyle in a vibrant community setting, this spacious unit presents double size bedrooms with 2 bathrooms. Ideally positioned, it is just a short stroll to all the shopping, cafes and restaurants that Oxford Street has to offer.

Property features include;

* Brand new dishwasher
* Brand new cooktop
* Air conditioning to be installed to both bedrooms and living room!
* 2 x double bedrooms (with built in wardrobes)
* Main bedroom with ensuite
* Modern Bathroom (includes shower over bath)
* Large balcony
* Spacious kitchen (with dishwasher)
* Single lock up garage
* Shady, tree lined street
* Walk to shops, cinema, parks and schools

You’ll enjoy living in the beautiful riverside suburb of Hawthorne and the convenience of being close to the city (5km) and on the doorstep of the iconic Oxford Street precinct (a short 10 minute walk) where you will enjoy the relaxed cafe atmosphere, fine dining and boutique shops.

With easy access to Wynnum Road you can turn right to the City or left to easily link to the Gateway Motorway. You also have the flexibility to choose to escape peak hour traffic by cruising on the City Cat or express buses nearby.

Would you like to view this property?

Go directly to www.rentalexpress.com.au to book your inspection or register to join an existing inspection. You can choose a day and time that suits you.

PLEASE NOTE, if you do not register online, we cannot notify you of any time changes or cancellations to inspections.

The fastest and easiest way to apply for this property is by clicking the ‘Apply Now’ button on the Rental Express website and completing your details online. Alternatively, you can download and complete an application form and submit it to our representative at the inspection.

*Important* Whilst every care is taken in the preparation of the information contained in this marketing, Rental Express will not be held liable for any errors in typing or information. All information is considered correct at the time of advertising.

Unit Features

General Features
  • Bedroom: 2
  • Bathrooms: 2 (Ensuites: 1)
  • Garaging: 1

Greta Woznyi

Phone: 07 3452 9623
Email: greta.woznyi@rentalexpress.com.au


Recently Rented In Brisbane

Brisbane – Convenience, Space, Lifestyle

Brisbane – Convenience, Space, Lifestyle

$ 500 weekly
11A Grafton Street, Windsor

Listing ID: PR1088925

Offering an abundance of indoor and outdoor living space including separate lounge and dining as well as a private, covered & paved rear courtyard, this two-storey home is sure to impress.

- Three spacious bedrooms all with built in robes
- Master bedroom with balcony and en-suite
- Two-way bathroom en-suiting the second and third bedrooms
- Huge separate lounge room, open plan kitchen & dining

Combining all of the above with low-maintenance living and a perfect location that presents perfect access to transport, major access roads in and out of the CBD as well as shops, cafes, restaurants, schools and parks.

Would you like to view this property?

Go directly to www.rentalexpress.com.au to book your inspection or register to join an existing inspection.

You can choose a day and time that suits you. PLEASE NOTE if you do not register online we can’t notify you of any time changes or cancellations to inspections.

Why wait, you could miss out!

*Important* Whilst every care is taken in the preparation of the information contained in this marketing, Rental Express will not be held liable for any errors in typing or information. All information is considered correct at the time of printing.

House Features

General Features
  • Bedroom: 3
  • Bathrooms: 2 (Ensuites: 1)
  • Carports: 1
Internal Features
  • Air Conditioning
  • Reverse Cycle Airconditioning

Britney Hedges

Phone: 07 3452 9611
Email: britney.hedges@rentalexpress.com.au


Rental Properties Brisbane

RP Data National September Quarter Rental Review 2014

The release today of the RP Data September 2014 Quarter Rental Review scorecard provides a thorough analysis of rental market activity over the period. Nationally, the annual rental rate for houses and units increased by 1.3 per cent while in the capital cities, house rents remained flat at 0% growth; rental rates for units increased by 2.4 per cent.

According to RP Data national research director Tim Lawless, investors entering the rental market need to be aware that rents aren’t rising anywhere near the pace of capital gains which is pushing rental yields lower, particularly in Sydney and Melbourne where values have increased the most at a time when rents aren’t doing comparatively much at all.

Highlights:

  • For houses, Darwin currently holds the highest weekly median rental rate at $ 660 followed by Sydney $ 525, Canberra $ 480, Perth $ 462, Brisbane $ 400, Adelaide $ 350, Melbourne $ 390 and Hobart at $ 330.
  • For units, Darwin once again emerged as the most expensive market on the rental rate front by recording the highest weekly median rental rate for the quarter at $ 550 followed by Sydney $ 500, Perth $ 450, Brisbane $ 390, Canberra $ 383, Melbourne $ 370, Adelaide $ 300 and Hobart $ 275.
  • Click HERE to view Property Statistics Table

RP Data’s Tim Lawless noted that while detached house rents remained unchanged across the combined capital cities over the quarter, this cannot be said for each individual city. Brisbane is only city where rents remained unchanged. Melbourne (2.6 per cent), Darwin and Hobart (both 1.5 per cent), Adelaide (1.4 per cent) and Sydney (1.0 per cent) all recorded a rise in rents, while Perth (-2.7 per cent) and Canberra (-2.0 per cent) recorded a fall in rents.

RP Data analysts reported that over the third quarter of 2014 capital city rental rates for both houses and units remained unchanged. Across the combined capital cities, rental rates for houses were recorded at $ 430 per week, while median weekly rental rates remained at $ 420 for units. On a national level house rents also remained steady over the three months to September at $ 400 per week, while for units, rents fell by -1.3 per cent, down $ 5 over the quarter to $ 390 per week.

Across the unit market, none of the capital cities recorded a rise in rents over the September quarter and the majority of cities saw rents remain steady over the three months. Canberra rents fell by -3.2 per cent to $ 383 per week and Hobart rents fell by -1.8 per cent to $ 275 per cent.

Mr Lawless said, “the performance of rental markets are diverse, however the common theme is that generally the rate of capital gain is outpacing the change in weekly rents which is driving rental yields lower. This is happening at a time when investment demand is at record levels and trending higher, which highlights that most investors are focussing on capital gains and ignoring the low yield scenario. The softer rental conditions are likely the result of the surge in investor related activity which is seeing more rental supply hit the market.”

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Property Management Brisbane

Recently Rented – Brisbane – Great Location, Close to Local Shops and Public Transport

Recently Rented – Brisbane – Great Location, Close to Local Shops and Public Transport

$ 390 weekly
Newmarket

Listing ID: PR1075823

With contemporary lines throughout this partiality renovated home offers plenty of space for modern living, situated within walking distance to local shopping centre, trains station and bus route, its just 4 kms to the city.

Featuring polished timber flooring and windows allowing light to brighten your day you’ll love the room available with either 3 bedrooms and a lounge or two bedrooms and two separate living areas. A recent renovation has created a kitchen with a modern appeal offering plenty of drawers and cupboards for storage and a spacious working environment.

The home offers off street secure parking and is fully fenced with an easy to maintain rear yard overlooking a local oval.

Features Include:
* 3 Bedrooms
* Renovated Bathroom with bath
* Modern Kitchen
* Off Street Parking with Security Gate
* High Gloss Polished Floors
* Elevated Position
* Air Conditioning

*** Sorry no pets allowed***

Only a short stroll to Brisbane’s best selection of restaurants and cafes, walking distance to parks and shopping centres. Stroll to parkland, train (under 300m) & Newmarket Shopping Centre, proving an excellent central location just 4km from the city.

Would you like to view this property?

Go directly to www.rentalexpress.com.au to book your inspection or register to join an existing inspection. You can choose a day and time that suits you.

PLEASE NOTE, if you do not register online, we cannot notify you of any time changes or cancellations to inspections.

The fastest and easiest way to apply for this property is by clicking the ‘Apply Now’ button on the Rental Express website and completing your details online. Alternatively, you can download and complete an application form and submit it to our representative at the inspection.

*Important* Whilst every care is taken in the preparation of the information contained in this marketing, Rental Express will not be held liable for any errors in typing or information. All information is considered correct at the time of advertising.

House Features

General Features
  • Bedroom: 3
  • Bathrooms: 1
  • Carports: 2
Internal Features
  • Air Conditioning
  • Reverse Cycle Airconditioning

Tara Williams

Phone: 07 3452 9638
Email: tara.williams@rentalexpress.com.au


Recently Rented In Brisbane

Brisbane – Don’t bring a thing! completley furnished executive townhouse!

Brisbane – Don’t bring a thing! completley furnished executive townhouse!

$ 475 weekly
3 / 399 Rode Road, Chermside

Listing ID: PR1094848

Rarely does a property of this calibre become available. This near new townhouse in immaculate condition offers three large bedrooms all with built in wardrobes, two large bathrooms, a large private courtyard as well as close proximity to all amenities. Tucked away in the back of a small complex of three, this executive style townhouse offers the best in privacy and peacefulness, while still being within close proximity of the city, Westfield Shopping Center, and various other shops and cafes that Chermside has to offer.
Other features include:
Executive style furnishings
Master bedroom with own bathroom and walk in robe
Air-conditioning
Private courtyard
Large living area
Stainless steel appliances
Remote lock up garage
840m to Westfield Chermside
660m to Wavell Heights high school
870m to Prince Charles Hospital

Located in one of Brisbane’s most desirable suburbs, 3/399 Rode road is positioned perfectly to take advantage of all that Chermside has to offer, including a number of parks in the area such as the Raven Street Reserve and Huxtable Park which provide good walk and bikeways, and meeting points for social groups such as Scouts and Girl Guides.
There are also Hospital services close at hand, with the Holy Spirit Hospital recently joining the Prince Charles Hospital and North West Private Hospital as one of three hospitals in the vicinity.
Location, tasteful furnishings and an immaculately kept home add up to be one of the most desirable properties currently offered for rent in this area, so don’t delay, organise an inspection today!

Would you like to view this property?

Go directly to www.rentalexpress.com.au to book your inspection or register to join an existing inspection. You can choose a day and time that suits you.

PLEASE NOTE, if you do not register online, we cannot notify you of any time changes or cancellations to inspections.

The fastest and easiest way to apply for this property is by clicking the ‘Apply Now’ button on the Rental Express website and completing your details online. Alternatively, you can download and complete an application form and submit it to our representative at the inspection.

*Important* Whilst every care is taken in the preparation of the information contained in this marketing, Rental Express will not be held liable for any errors in typing or information. All information is considered correct at the time of advertising.

Townhouse Features

General Features
  • Bedroom: 3
  • Bathrooms: 2 (Ensuites: 1)
  • Garaging: 1

Stacy Geldard

Phone: 07 3452 9618
Email: stacy.geldard@rentalexpress.com.au


Rental Properties Brisbane

Recently Rented – Brisbane – Huge renovated home high on the hill!

Recently Rented – Brisbane – Huge renovated home high on the hill!

$ 650 weekly
Kelvin Grove

Listing ID: PR1095087

Move quickly to secure this large four bedroom two bathroom home located high on the hill in Crescent Road, Kelvin Grove in a whisper quiet location! Featuring a large newly renovated kitchen, renovated bathrooms, Air conditioning throughout and enough space for even the largest of families. As if that wasn’t enough already, this brilliant home also offers a huge outside entertaining deck, as well as a large yard for the kids.

Other features include:
Lock up garage
Fenced yard
Separate living area
Built in wardrobes throughout
Polished floor boards
Air conditioning throughout
Enclosed wrap around verandah

Kelvin Grove has become a popular suburb for a range of people wishing to live close to the Brisbane City, the Queensland University of Technology and the Royal Brisbane Hospital. Located less than 4km north west of Brisbane’s CBD, Kelvin Grove is well serviced by public transport with easy access to the City along Kelvin Grove Road and other major roads. Homes of this calibre and in such a fantastic location are rarely available, so don’t delay, call for an inspection today!

Would you like to view this property?

Go directly to www.rentalexpress.com.au to book your inspection or register to join an existing inspection. You can choose a day and time that suits you.

PLEASE NOTE, if you do not register online, we cannot notify you of any time changes or cancellations to inspections.

The fastest and easiest way to apply for this property is by clicking the ‘Apply Now’ button on the Rental Express website and completing your details online. Alternatively, you can download and complete an application form and submit it to our representative at the inspection.

*Important* Whilst every care is taken in the preparation of the information contained in this marketing, Rental Express will not be held liable for any errors in typing or information. All information is considered correct at the time of advertising.

House Features

General Features
  • Bedroom: 4
  • Bathrooms: 2
  • Garaging: 2

Steve Davies

Phone: 07 3452 9654
Email: steve.davies@rentalexpress.com.au


Recently Rented In Brisbane

Brisbane – 4 Bedrooms with Polished Floors and Air-Conditioning!

Brisbane – 4 Bedrooms with Polished Floors and Air-Conditioning!

$ 550 weekly
54 Illidge Street, Coorparoo

Listing ID: PR1033724

Refreshingly good value – this delightful home is located in a quiet leafy Coorparoo street. With 4 bedrooms, Air Conditioning, a large kitchen with electric cooktop and an abundance of living space, you’re sure to be impressed!

Features Include:

* 4 Bedrooms, 3 With Built-ins
* Polished Floors Throughout the property
* Air-Conditioning in the Lounge and Main Bedroom
* Huge Rumpus is Seperate to the House with Carpet
* Electric Stove in Kitchen
* Seperate Laundry
* Double Carport
* Rear Alfresco Patio with Timer Lattice

Close to Schools, Shops and Transport. This property is a must see on your list.

Be ready for summer in this air-conditioned home with an outdoor entertaining area and fully-fenced yard.

Would you like to view this property?
Go directly to www.rentalexpress.com.au to book your inspection or register to join an existing inspection.

You can choose a day and time that suits you. PLEASE NOTE if you do not register online we can’t notify you of any time changes or cancellations to inspections.

Why wait, you could miss out!
*Important* Whilst every care is taken in the preparation of the information contained in this marketing, Rental Express will not be held liable for any errors in typing or information. All information is considered correct at the time of printing.

House Features

General Features
  • Bedroom: 4
  • Bathrooms: 1
  • Carports: 2

Greta Woznyi

Phone: 07 3452 9623
Email: greta.woznyi@rentalexpress.com.au


Rental Properties Brisbane

Average Vacancy Rates for Rental Express Offices (October 13, 2014)

Average Vacancy Rates for Rental Express Offices (October 13, 2014)

We're specialist property managers and we're focused on the best results for our clients. To prove this isn't just lip-service, we promise to regularly provide a transparent report of our performance against our competitors.

The screenshots below are provided by a leading independent real estate and property management website, www.rentfind.com.au. These show our leasing performance against other agents.

By listing your property for lease earlier (Avg Days on Market) and proactively marketing your property with proven strategies to attract high-quality tenants, we strive to reduce the number of days any property spends vacant (Avg Days Vacant).

We're not perfect, but we are accountable and we promise to continually refine our approach to provide the very best property management service to Queensland property investors.

Click HERE to discuss the Rental Express the management of your investment property.

Rental Express Wilston Office (Brisbane Central)

Rental Express Wilston Average Vacancy

Rental Express Forest Lake Office

Rental Express Average Vacancy - Forest Lake - October 13

Rental Express Kallangur Office

Rental Express Average Vacancy - Kallangur - October 13

Rental Express Gold Coast Office

Rental Express Average Vacancy - Gold Coast - October 13

 

Rental Express Upper Mount Gravatt Office

Rental Express Average Vacancy - Upper Mount Gravatt - October 13

 

Click HERE to discuss the Rental Express the management of your investment property.

 

 

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