Inala is an average performer in QLD when comparing median price capital growth over the last year. Inala gave property investors a good capital gain figure when compared to the rest of the state, with 5.37%.
Inala,4077 was ranked 2363 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -6.17% to buyers in Inala at the moment, which is less than average for the rest of QLD.
In the last year 186 properties changed hands in Inala, which puts it as the 75th most active market in QLD when comparing the number of sales per suburb.
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.