If you compare the increase in value of investment property in Inala, 4077 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 9.38%.
The five-year average increase in median property values for Inala,4077 has given property investors a potential capital gain of 20.69% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Inala is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 548th in terms of most discounted suburbs in QLD
Residents and property investors in Inala have been waiting around 55.8 days to sell a property.
Using the current median advertised rental of $322.5 and the average annual increase in value of a median property of 6.26%, investors should hope to achieve an overall return of 4.79%
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.