Nundah Property Report 2nd Half of 2019

In Q3 2019, Nundah recorded a median house price of $849,000, and a median unit price of $410,000. This represents annual (Q3 2018 – Q3 2019) median price growth of 27.1% for houses and 5.9% for units respectively. That said total sales slowed for Q3 2019, down by -50.0% for houses to 14 sales and by -17.0% for units to 44 sales. Q3 2019 saw confidence returning, but limited availability of house stock resulted in an unprecedented price growth.

Average vendor discount between Q3 2018 and Q3 2019 has swung to a premium of 0.1% for houses but widened to -5.2% for units. Market conditions in Nundah now favour house sellers and unit buyers, with further discounts available to units buyers. Now is the time to enter the market.

Over the past 12 months house rental yields in Nundah have remained steady, at 3.5% in June 2019. This suggests the house rental market sits at a healthy position, as the house rental median price increased by 2.1% to $480 per week over the same period.

3 bedroom houses have provided investors with +2.2% rental growth annually, achieving a median rent of $470 per week.

Nundah recorded a vacancy rate of 1.3% in June 2019, which represents a declining trend over the past 2 years and is well below the Brisbane Metro average of 2.5%. This confirms a healthier rental demand exists in Nundah.