With a capital gain of 4.00% for the last 12 months, Arana Hills, 4054 has performed for property investments than its average annual 4.88% property growth over the last 5 years.
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.
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 -4.42% is being offered, which puts this QLD suburb at 2989th most discounted overall in Australia.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
With a capital gain of -2.31% for the last 12 months, Arana Hills, 4054 has performed for property investments than its average annual 4.03% 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
LACK OF BUYER INTEREST may well be the reason that Arana Hills is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 308th in terms of most discounted suburbs in QLD
In the last year 29 properties changed hands in Arana Hills, which puts it as the 245th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Arana Hills being $381000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.19%
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.