Property investors who have had real estate in Arana Hills, 4054 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.24%
Arana Hills,4054 was ranked 2670 in Australia by increase in median property value over the quarter.
Arana Hills4054 is located in QLD which offers an average discount of -7.05% to property investors. Arana Hills itself is showing figures that indicate -4.28% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Arana Hills have been waiting around 36.81 days to sell a property.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.51%, without taking into account capital value appreciation, which has been averaging out at 4.10%.
With a capital gain of -4.62% for the last 12 months, Arana Hills, 4054 has performed for property investments than its average annual 3.37% property growth over the last 5 years.
Comparing Arana Hills,4054 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Arana Hills are currently offering property investors an average price cut of -2.59% below the asking price at the moment.
Arana Hills is 222th on a list of best yielding suburbs for rents in QLD with a 5.03% return
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.