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Kalinga

POSTAL CODE: QLD, 4030
HOUSE

Kalinga, 4030 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $2,250,000.

Profits due to an upward trend in home prices in the suburb averaged 14.67% per annum over a 3-year period.

Kalinga now ranks at the 742nd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in Kalinga are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $822.5 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In Kalinga, homes and units usually stay on listing for an average of 50 days.

In 2016, 27 properties were sold in Kalinga during the past year, making it the 479th most active market in QLD based on total real estate transactions.

Surburb overview

Kalinga, Queensland 4030, is a small, prestigious suburb located approximately 7 kilometres north of Brisbane’s central business district (CBD). Known for its leafy streets and proximity to quality amenities, Kalinga has a population of around 2,130 residents. The predominant age group in the area is 40-49 years, and the suburb attracts professionals and families due to its peaceful environment and convenient location.

The median property price in Kalinga is approximately $1,495,000 for houses, reflecting its high demand and desirable status in Brisbane’s inner north. The rental market is strong, with median weekly rents of $775 for houses and $368 for units, providing rental yields of 2.43% for houses and 4.22% for units.

Kalinga is known for its abundant green spaces, with five parks covering nearly 27.5% of the suburb’s area. These include Kalinga Park and Shaw Park, which offer walking tracks, playgrounds, and sporting facilities. The suburb’s proximity to public transportation, including the Eagle Junction train station, makes commuting to Brisbane’s CBD and surrounding suburbs convenient.

Kalinga’s strong community atmosphere, well-regarded schools, and picturesque surroundings make it desirable for families and professionals seeking a serene suburban lifestyle close to the city.

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