Over the last year, property investments in Inala, 4077 have given investors a capital gain of 2.57%. This compares averagely with the 2.45% for QLD as a whole.
If we look at median property appreciation over just the last three months, Inala has given property investors a paper return of -0.28%. This puts Suburb as 532 on a list of fastest fasting appreciating suburbs in QLD
The most recent median price for Inala is $359000, with sellers offering an average of -5.41% off the asking price.
On average over the past year, suburb has had 16.50 sales per month, which equates to 198 per year.
Using the current median advertised rental of $327.5 and the average annual increase in value of a median property of 4.88%, investors should hope to achieve an overall return of 4.74%
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.