Hendra suburb profile
Hendra is a charming suburb located approximately 6km northeast of Brisbane's CBD, known for its leafy streets and equestrian heritage. The suburb offers a peaceful residential atmosphere with a mix of traditional Queenslander homes and modern developments. Hendra is well-regarded for its proximity to the Doomben and Eagle Farm racecourses, making it a popular choice for horse racing enthusiasts. The area boasts convenient access to public transport, quality schools, and local amenities, including cafes and parks. Its blend of suburban tranquility and urban convenience makes Hendra an attractive option for families and professionals alike.
Hendra property market performance
Hendra’s property market has experienced robust growth over the past 12 months, with both houses and units seeing significant value increases. House values have risen by 12%, bringing the median house price to $2 million, while unit values have increased by 12.5%, with the median unit price reaching $720,000.
Sales activity has been moderate, with 21 houses and just 3 units sold in the past three months. Houses are taking a median of 36 days on the market, whereas units are selling much faster, with a median of just 13 days, indicating strong demand for units.
The rental market in Hendra has remained stable over the last 12 months, with no change in average rent prices for both houses and units, which are $900 and $535, respectively.
Median price - houses$2MPast 3 months
Median price - units$720KPast 3 months
Change in value - houses12.0%12 months
Change in value - units12.5%12 months
Houses sold21Past 3 months
Units sold3Past 3 months
Median DOM - houses36Past 12 months
Median DOM - units13Past 12 months
Average rent - houses$900Past 12 months
Average rent - units$535Past 12 months
Change in rent - housesN/APast 12 months
Change in rent - units-2.7%Past 12 months
Hendra demographics
Hendra, a charming suburb located in Brisbane, is known for its leafy streets and family-friendly atmosphere. With a population of 4,914, it offers a peaceful yet connected lifestyle, appealing to families and professionals alike. The median age of 39 suggests a mature community, with many residents enjoying the suburb's balance of tranquility and accessibility to the city center.
The suburb's housing market is characterized by a high rate of home ownership, with 32.5% of properties owned outright and 43.4% owned with a mortgage. This reflects a stable community with a significant number of long-term residents. The rental market, comprising 24.1% of properties, provides options for those seeking flexibility, including young professionals and families transitioning into home ownership.
Family life is a cornerstone of Hendra, with 52.1% of households being couple families with children, and 32.7% being couple families without children. The presence of one-parent families at 13.3% adds to the suburb's diverse family dynamics. The high median household income of $2,989 per week indicates a prosperous community, supported by local amenities, schools, and parks that enhance the quality of life for its residents.
Hendra infrastructure, key developments and investment opportunities
Hendra is experiencing significant developments that are likely to impact its property market. The ongoing gentrification of the suburb has seen many post-war houses replaced with high-end new builds and large renovated properties, attracting young families and professionals. This trend is enhancing the suburb's appeal and potentially driving up property values. The suburb's strict Res A zoning, which prohibits apartments, helps maintain its character and community feel.
Hendra's excellent public transport options, including bus and train services, contribute to its desirability. The suburb boasts beautiful parks, such as the recently upgraded T.C. Beirne Park, enhancing its family-friendly atmosphere. While Hendra itself has limited dining options, its proximity to the vibrant restaurant scenes in neighboring Ascot, Hamilton, and Nundah adds to its appeal. These factors, combined with Hendra's convenient location near the airport and major arterial roads, position it as an increasingly attractive suburb for homebuyers and investors.
Hendra rental market trends
The rental market in Hendra has remained stable, with house rents holding steady at $900 per week and unit rents unchanged at $535 per week over the past year. This stability reflects a balanced market, offering consistent rental opportunities for both houses and units in this well-established suburb.
Suburbs near Hendra
Some popular suburbs near Hendra include: