With a capital gain of 7.07% for the last 12 months, Arana Hills, 4054 has performed for property investments than its average annual 4.69% 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
At number 758th of QLD’s most discounted properties, Arana Hills is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Investment property in Arana Hills has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.03%
The five-year average increase in median property values for Arana Hills,4054 has given property investors a potential capital gain of 10.00% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Arana Hills is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 298th in terms of most discounted suburbs in QLD
In the last year 29 properties changed hands in Arana Hills, which puts it as the 261th most active market in QLD when comparing the number of sales per suburb.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 5.00%, without taking into account capital value appreciation, which has been averaging out at 3.70%.
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.