Hendra has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -4.55% to date .
While Hendra,4011 ranked number 836th in QLD for increase in median house value (annualised) increase, it is ranked 150th over the last 5 years.
Property buyers and investors in Hendra 4011 should be seeing an average reduction in asking price of around -5.86% . This means that Hendra is holding prices well when compared to other suburbs in QLD.
Advertised rents are around the $700 mark per week – giving a return of 3.47% based on the median price in Suburb
Information supplied by:
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.