Property investors who have had real estate in Hendra, 4011 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.53%
Hendra,4011 has offered an average of 11.53% return per annum in house price rises to property investors over the last three years.
The most recent median price for Hendra is $1100000, with sellers offering an average of -9.32% off the asking price.
A $590 per week rent on the median house gives suburb investors a gross yield of circa 2.79%, without taking into account capital value appreciation, which has been averaging out at 5.11%.
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