Arana Hills, 4054 ranked 429th in QLD when comparing growth in median property values or capital gain over the last 12 months. Arana Hills is one of 2415 in our list for QLD
While Arana Hills,4054 ranked number 469th in QLD for increase in median house value (annualised) increase, it is ranked 277th over the last 5 years.
Property buyers and investors in Arana Hills 4054 should be seeing an average reduction in asking price of around -3.93% . This means that Arana Hills is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 11.83 sales per month, which equates to 142 per year.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 4.14%, investors should hope to achieve an overall return of 4.51%
Property value increases in Arana Hills have tracked just lower than the QLD average of 0.66% over the last 12 months.
Taking the average capital gain, or increase in median house value, Arana Hills,4054 has racked up an average of -2.06% over the period. This ranks it number 1200th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Arana Hills should be aiming for at least -2.78% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Arana Hills the average time real estate has been on the market is 61.85 days.
A $362.5 per week rent on the median house gives suburb investors a gross yield of circa 4.95%, without taking into account capital value appreciation, which has been averaging out at 3.55%.
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.