Giving property investors a an average capital gain of -2.34% for the last year, Arana Hills, 4054 is the 2140th highest performer in Australia in this respect.
The five-year average increase in median property values for Arana Hills,4054 has given property investors a potential capital gain of 19.58% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Arana Hills is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 686th in terms of most discounted suburbs in QLD
With the median price for a house in Arana Hills being $542000 and the advertised rent reaching $462.5 the gross rental yield for property investors calculates out to be 4.44%
Arana Hills, 4054 ranked 93th in QLD when comparing growth in median property values or capital gain over the last 12 months. Arana Hills is one of 2415 in our list for QLD
While Arana Hills,4054 ranked number 132th in QLD for increase in median house value (annualised) increase, it is ranked 90th over the last 5 years.
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 Arana Hills, 4054. Typically our figures indicate that -4.19% is being offered, which puts this QLD suburb at 919th most discounted overall in Australia.
Residents and property investors in Arana Hills have been waiting around 56.375 days to sell a property.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
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Arana Hills lies around 10km north-west of the Brisbane CBD, just past the Enoggera Military Camp, with good train and road links. Its median house price is in line with its neighbours.
Amenities here are good, with a Coles supermarket, a handful of cafes and six schools all being within a 2km radius.
“It’s a real family suburb,” says Hot Property Specialists’ Liz Wilcox. “But it’s more affordable than areas closer to the city.”
“There are a lot of old housing commission style homes on bigger blocks of 607m2 as a minimum, so there’s potential in years to come and there’s definitely room for development and renovation.”
In order to target its largely family based tenant pool, Wilcox suggests getting hold of a three-bedroom, two-bathroom house if possible. She adds however, that due to the housing commission style of housing that dominates the area, one-bathroom properties are far more common.
Looking at the rental statistics, 27% of the Arana Hills population is accounted for by renters according to Census data, and SQM Research predicts this figure to rise to 37% in the next five years.