Located just over 30kms north of Brisbane, Mango Hill is a newer suburb that is proving popular with families seeking to improve their work/life balance. When PwC Australia recently released their CityPulse SEQ report (which rated suburbs in Brisbane based on how good they were to live, play and work in), Mango Hill rated very highly, thanks to its employment opportunities and work/life balance. With two local train stations and the Brisbane CBD just a 45-minute commute away, it’s easy to see why so many people are choosing to work in the city but live in Mango Hill.
Mango Hill’s close proximity to just about everything seems to be a significant factor in its popularity. The Sunshine Coast can be reached in under an hour, the airport is less than 30 minutes away and there is an abundance of green spaces in the immediate vicinity. In fact, Mango Hill is just a 10-minute drive to 63 different parks, as well as eight sporting fields. The suburb itself is also home to some top-notch community facilities, including an aquatic centre, plus numerous shops, restaurants and schools.
For those looking to buy a property in Mango Hill, expect a median house price of $547,000 and a median price of $365,000 for units. Considering the median house price in Brisbane rose to $738,000 during 2020, homebuyers can take advantage of significant savings by looking a little further afield to Mango Hill.
Currently, couples and families make up over 65% of the demographic in Mango Hill (with independent youth accounting for just 4.9% of the population). It’s no surprise then that Mango Hill has a reputation for being a welcoming and family-friendly place to live.
Buying an Investment Property in Mango Hill
Mango Hill properties are popular with investors at the moment, thanks to low vacancy rates and strong annual growth. The compound growth rate in Mango Hill is now 4.2%, thanks to a 22.8% increase in property values over just a 5-year period. The suburb is no doubt benefiting from its close proximity to surrounding infrastructure developments in the North Lakes area.
The annual rental yield in Mango Hill is also quite strong, sitting at 5.3% for units and 4.2% for houses. The average 4-bedroom house in Mango Hill can currently command a weekly rent of $455, while a 3-bedroom house has a median weekly rental price of $370. Importantly for investors, the vacancy rates in Mango Hill are lower than they are in Brisbane, sitting at just 2%.
Why Choose North Brisbane Home Loans?
