Hendra has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.76% to date .
Across a shorter period, Hendra, 4011 has seen a median price increase of -0.48% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hendra, 4011. Typically our figures indicate that -10.99% is being offered, which puts this QLD suburb at 196th most discounted overall in Australia.
Residents and property investors in Hendra have been waiting around 68 days to sell a property.
Using the current median advertised rental of $630 and the average annual increase in value of a median property of 5.51%, investors should hope to achieve an overall return of 3.29%
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