Arana Hills has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 17.23% to date .
Taking the average capital gain, or increase in median house value, Arana Hills,4054 has racked up an average of 17.23% over the period. This ranks it number 1329th in the whole country for real estate investors looking at median house price increases.
Arana Hills4054 is located in QLD which offers an average discount of -4.90% to property investors. Arana Hills itself is showing figures that indicate -3.26% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 10.67 sales per month, which equates to 128 per year.
Renters in Suburb are facing rents around $24570 per annum or $472.5 every week.
With a capital gain of 18.92% for the last 12 months, Arana Hills, 4054 has performed for property investments than its average annual 2.66% property growth over the last 5 years.
Arana Hills,4054 has offered an average of 18.92% return per annum in house price rises to property investors over the last three years.
The QLD suburb of Arana Hills, 4054 is in the Moreton Bay (R) local government area.
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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.