Property value increases in Arana Hills have tracked just higher than the QLD average of 1.88% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Arana Hills comes in at number 290th in QLD.
The most recent median price for Arana Hills is $520000, with sellers offering an average of -4.33% off the asking price.
At number 557 in a list of fastest selling suburbs, Arana Hills is in the TOP 20% of suburbs in Australia with an average of days on market 51.87 for properties listed there.
At number 946th in the list of Australian suburbs ordered by increase in median house value over the last year, Arana Hills, 4054 is in the BOTTOM 50% with a property value increase of 1.56% recorded in median house prices.
If we look at median property appreciation over just the last three months, Arana Hills has given property investors a paper return of 2.63%. This puts Suburb as 81 on a list of fastest fasting appreciating suburbs in QLD
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.97% offered to property buyers. Sellers in Arana Hills itself are offering an average vendor discount of -3.42% to real estate investors.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.07%, without taking into account capital value appreciation, which has been averaging out at 4.02%.
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.