At number 1496th in the list of Australian suburbs ordered by increase in median house value over the last year, Arana Hills, 4054 is in the top 40% with a property value increase of 7.65% recorded in median house prices.
While Arana Hills,4054 ranked number 297th in QLD for increase in median house value (annualised) increase, it is ranked 208th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Arana Hills, 4054. Typically our figures indicate that -4.16% is being offered, which puts this QLD suburb at 3143th most discounted overall in Australia.
Residents and property investors in Arana Hills have been waiting around 48.37 days to sell a property.
Renters in Suburb are facing rents around $5520 per annum or $460 every week.
Over the last year, property investments in Arana Hills, 4054 have given investors a capital gain of 0.52%. This compares averagely with the 0.98% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Arana Hills has increased when compared to the 5 year average annual rate.
The most recent median price for Arana Hills is $390000, with sellers offering an average of -3.39% off the asking price.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
Using the current median advertised rental of $372.5 and the average annual increase in value of a median property of 3.81%, investors should hope to achieve an overall return of 4.97%
Arana Hills lies around 10km north-west of the Brisbane CBD, just past the Enoggera Military Camp, with good train and road links. Its median house price is in line with its neighbours.Full summary
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Arana Hills lies around 10km north-west of the Brisbane CBD, just past the Enoggera Military Camp, with good train and road links. Its median house price is in line with its neighbours.
Amenities here are good, with a Coles supermarket, a handful of cafes and six schools all being within a 2km radius.
“It’s a real family suburb,” says Hot Property Specialists’ Liz Wilcox. “But it’s more affordable than areas closer to the city.”
“There are a lot of old housing commission style homes on bigger blocks of 607m2 as a minimum, so there’s potential in years to come and there’s definitely room for development and renovation.”
In order to target its largely family based tenant pool, Wilcox suggests getting hold of a three-bedroom, two-bathroom house if possible. She adds however, that due to the housing commission style of housing that dominates the area, one-bathroom properties are far more common.
Looking at the rental statistics, 27% of the Arana Hills population is accounted for by renters according to Census data, and SQM Research predicts this figure to rise to 37% in the next five years.