Property value increases in Hendra have tracked just higher than the QLD average of 2.46% over the last 12 months.
If we look at median property appreciation over just the last three months, Hendra has given property investors a paper return of 0.24%. This puts Suburb as 405 on a list of fastest fasting appreciating suburbs in QLD
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.61% offered to property buyers. Sellers in Hendra itself are offering an average vendor discount of -7.64% to real estate investors.
Hendra, 4011’s gross rental yield is 3.04%
Hendra’s average vacancy rate went up from 2.12% in 2016 to 2.43% this year. This could be an example of Brisbane’s recent property market issues.Full summary
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Dining district sees declining occupancy
Median house price: $953,000
Vacancy rate: 2.43%
Three-year growth: 27.07%
A suburb that began as a fruit and dairy farming district, Hendra is a bustling foodie hub, being home to numerous restaurants, cafes and pubs. It is also just 6km from Brisbane, and is a family-oriented community. This distinction is supported by the presence of Hendra Secondary College.
Several recreational parks and bike paths line the suburb, with some running along Kedron Brook. The suburb is home to the Doomben Racecourse as well. Neighbouring suburbs and the CBD are highly accessible through the many public transport services, including a link to the northern train line via Hendra station. Bus services are also offered, and residents are close to Brisbane’s airport.
Nonetheless, these advantages have not stopped Hendra’s vacancy rates from rising, as the average rate went up from 2.12% in 2016 to 2.43% this year. This could be an example of Brisbane’s recent property market issues. Close