At number 2366th in the list of Australian suburbs ordered by increase in median house value over the last year, Inala, 4077 is in the BOTTOM 50% with a property value increase of 3.65% recorded in median house prices.
Comparing Inala,4077 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Inala is giving property investors an average Vendor Discount of around -6.24%. This puts suburb at number 431th in QLD when ranking the most discounted suburbs.
On average over the past year, suburb has had 15.00 sales per month, which equates to 180 per year.
With the median price for a house in Inala being $352416 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.87%
Inala is one of the few suburbs in the Brisbane area where you can get a house in good shape for under $300,000, and first time homebuyers especially seem to be knocking on the door.
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Inala’s market suffered along with the rest of the region in the wake of the 2011 floods, but strong fundamentals and increased buyer confidence point to an up year for this up and coming suburb.
Estate agent Isaac Nguyen with All Properties Group says he has definitely seen more interest from young families in Inala in recent months, as the dip in prices seemed to turn some renters into buyers. “It’s one of the few suburbs in the Brisbane area where you can get a house in good shape under $300,000, and first time homebuyers especially seem to be knocking on the door.”
Nguyen also points to a wave of recent renovations in the area as a sign that the area is on the way up. Investors have also been eyeing Inala as rents held form through the downturn pushing yields back to above 5%.
Best Street(s): Goldfinch St: This long, broad street boasts a number of well-maintained homes with striking front gardens, along with good access to parkland and shops.