Auchenflower

POSTAL CODE: QLD, 4066

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 8.97% capital gain.

It also 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 $1,580,000

The augmented property values in the suburb are trailing behind the territorial average of 12.37% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $742.5.

Home owners selling their properties and realtors in AUCHENFLOWER usually have to wait an average of 74.2 days days before their assets are lifted off the market.

The QLD suburb ranks 710th on the list of best yielding suburbs for rental properties in QLD, posting a 2.44% return.

It also places places 944th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 17.38% over the last 12 months in AUCHENFLOWER, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that AUCHENFLOWER, 4066 obtained a 6.03% growth over a ten-year period. It ranks 713th on our list of suburbs that property investors should look into.

AUCHENFLOWER, 4066 has a capital gain of 17.38% for the past year, which is higher than average compared to its 77.18% growth within a five-year period.

With the median home price in AUCHENFLOWER sitting at $817,250, and the average rent at $630, property owners could potentially earn a 4.01% increase in gross rental yield.

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

AUCHENFLOWER, 4066 in QLD belongs to the local government area of Brisbane.

Surburb overview

Auchenflower, situated just 3 kilometres west of Brisbane's CBD, is a charming inner-city suburb known for its blend of historical Queenslander homes and modern apartment complexes. The suburb has a population of around 5,877 people, with the predominant age group being 20-29, reflecting its appeal to young professionals and students. Auchenflower's population growth was 9.8% from 2011 to 2016.

The median house price in Auchenflower is currently $1,505,000, while units are priced at approximately $690,000. The rental market is strong, with median weekly rents at $702 for houses and $530 for units, yielding rental returns of 2.73% and 4.64%, respectively.

The suburb offers various amenities, including parks like Torwood Park, a vibrant café scene along Milton Road, and access to nearby shopping centres in Toowong and Paddington. Auchenflower is also home to Wesley Hospital and has easy access to the Queensland Cultural Centre in South Brisbane.

Auchenflower’s transportation options are well-developed, with its railway station providing frequent services to Brisbane’s CBD and numerous bus routes available. The suburb’s proximity to top schools such as Rainworth State School, Milton State School and nearby universities makes it desirable for families and students.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,580,000	$817,250
Growth Report
Median Quarterly	-8.41%	1.71%
Median 12 month	-5.95%	17.38%
Median 3 years	8.97%	54.2%
Median 5 years	36.8%	77.18%
10 years average annual	6.32%	6.03%
Weekly media advert. rent	$743	$630
Time on Market	74.2 days	28.3 days
Gross Rental Yield Percent	2.44%	4.01%

Demographics (Median Values)*

Total Population 5082

Weekly Household Income 1387

Household Size 2.20

Average Age 30

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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