Giving property investors a an average capital gain of 4.20% for the last year, Inala, 4077 is the 2376th highest performer in Australia in this respect.
Inala,4077 was ranked 2133 in Australia by increase in median property value over the quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.10% offered to property buyers. Sellers in Inala itself are offering an average vendor discount of -5.63% to real estate investors.
At number 1251 in a list of fastest selling suburbs, Inala is in the TOP 40% of suburbs in Australia with an average of days on market 64.61 for properties listed there.
With the median price for a house in Inala being $360000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.62%
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.