Over the last year, property investments in Inala, 4077 have given investors a capital gain of -1.91%. This compares badly with the 0.78% for QLD as a whole.
Inala,4077 was ranked 1605 in Australia by increase in median property value over the quarter.
Inala4077 is located in QLD which offers an average discount of -7.01% to property investors. Inala itself is showing figures that indicate -9.00% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Inala the average time real estate has been on the market is 70.764 days.
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Inala’s market suffered along with the rest of the region in the wake of the 2011 floods, but strong fundamentals and increased buyer confidence point to an up year for this up and coming suburb.
Estate agent Isaac Nguyen with All Properties Group says he has definitely seen more interest from young families in Inala in recent months, as the dip in prices seemed to turn some renters into buyers. “It’s one of the few suburbs in the Brisbane area where you can get a house in good shape under $300,000, and first time homebuyers especially seem to be knocking on the door.”
Nguyen also points to a wave of recent renovations in the area as a sign that the area is on the way up. Investors have also been eyeing Inala as rents held form through the downturn pushing yields back to above 5%.
Best Street(s): Goldfinch St: This long, broad street boasts a number of well-maintained homes with striking front gardens, along with good access to parkland and shops.