With a capital gain of 3.30% for the last 12 months, Arana Hills, 4054 has performed for property investments than its average annual 3.92% property growth over the last 5 years.
Across a shorter period, Arana Hills, 4054 has seen a median price increase of 0.38% over the last quarter.
Our latest figures would indicate that property sellers in Arana Hills are currently offering property investors an average price cut of -4.75% below the asking price at the moment.
Giving property investors a an average capital gain of 2.63% for the last year, Arana Hills, 4054 is the 964th highest performer in Australia in this respect.
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.
At number 310th 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.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 3.79%, investors should hope to achieve an overall return of 5.00%
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.