Arana Hills is in the TOP 30% in QLD when comparing median price capital growth over the last year. Arana Hills gave property investors a good capital gain figure when compared to the rest of the state, with 7.16%.
The five-year average increase in median property values for Arana Hills,4054 has given property investors a potential capital gain of 20.54% across each of those five years.
Arana Hills, 4054 is offering QLD ‘s 785th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.
On average over the past year, suburb has had 11.75 sales per month, which equates to 141 per year.
Property investors should expect to get $457.5 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Arana Hills, 4054 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.77%.
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 -2.67% is being offered, which puts this QLD suburb at 1363th most discounted overall in Australia.
On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.13%, without taking into account capital value appreciation, which has been averaging out at 3.72%.
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.