Hendra is a suburb that for a long time has flown under the radar of many property buyers. For many years the area was consider horse trainer territory, and with Doomben and Eagle Farm race courses on its door step it’s easy to see why, but today it has become one of Brisbane’s most prestigious suburbs.
With a median property prices over the last year range from $1,000,000 for houses to $571,250 for units, the suburb isn’t cheap… But does it still have growth potential?
I think so, when you consider the suburb features its hard to argue the growth will stop.
Just 6.6km to the Brisbane GPO, a rising population, and close proximity to the Brisbane airport. These factors are contributing to the upward price movement we have seen in the suburb. Based on five years of sales, Hendra has seen a compound growth rate of 4.2% for houses and 1.9% for units.
If you are looking for an investment property, consider houses in Hendra rent out on average an annual rental yield of 3.4%, and units a yield of 4.7%.
But with around 74% of the occupants in the suburb being owner occupiers, rentals are in short supply.
The amenities are endless in this suburb, with Buses, and Trains servicing the area. Not to mention the latest Woolworths shopping centre located at Racecourse Village
The Hendra property market has a bright future ahead of it, but be warned get in now before its too late!