Kallangur Property Market Valuation
Kallangur Rental Properties (March 2020)
Kallangur continues to offer great value for money in the Moreton Bay Region with the average 4 bedroom house renting for $420 per week.
Rents in Kallangur have changed marginally over the past 12 months, with the best increases occurring with townhouses and units. Based on RTA Queensland Quarterly Rent Data, there were no declines in rent for any property type over the past 12 months. 2 bedroom townhouses experienced the biggest rent increase (+4.4%) followed by 2 bedroom units having healthy rent increase (+3.6%). Rents for houses remained steady as shown in the table below.
| Current rental demand for this property type in this suburb | Average weekly rent payable for this property type | Difference in rent payable for this property type compared with 12 months ago | ||
|---|---|---|---|---|
| 4 Bedroom House | 37.9% | $420.00 | 0% | - |
| 3 Bedroom House | 17.7% | $370.00 | 0% | - |
| 3 Bedroom Townhouse | 21.4% | $350.00 | 2.2% | |
| 2 Bedroom Townhouse | 5.1% | $295.00 | 4.4% | |
| 2 Bedroom Unit | 3.0% | $290.00 | 3.6% |
Source: realestate.com.au | RTA Queensland Median Rents
Number of Rental Properties in Kallangur
The area also has the highest number of townhouses (2,519) in the Moreton Bay Region and accounts for more than 30% of all townhouses across the region.
The composition of rental properties in Kallangur/Murrumba Downs/Dakabin is:
- 3,983 Houses (51% of stock)
- 1,232 Flats/Units (16% of stock)
- 2,519 Townhouses (32% of stock)
- 112 Other – includes movable dwellings & rooming accom (1% of stock)
The Moreton Bay Region has 51,275 rental properties. Consequently, Kallangur/Murrumba Downs/Dakabin accounts for 15% of all rental properties in the Moreton Bay Region.
Kallangur Rental Property Demand
Tenant demand by property type is highest for houses in Kallangur followed by 3 bedroom townhouses. The lowest tenant demand in Kallangur is for acreage properties.
'The highest tenant demand is for 4 bedroom homes & 3 bedroom townhouses'
Kallangur Tenant Profile
WHO IS THE AVERAGE RENTAL APPLICANT?
- over one third of rental applicants have pets
- more than 95% own a vehicle and many want a double garage
- there is only a small number of students applying, however the numbers are growing due to the new USC Moreton Bay Petrie University, which opened in Feb 2020
- tenants who are employed have on average been in their job for 3 years
Given almost 40% of rental applicants own pets, it is highly beneficial for landlords to have a fully fenced back yard if you allow pets at your property. Likewise, having a double garage or adding a covered car port can significantly increase the appeal of your property to tenants.
Source: realestate.com.au | 1Form
WHAT IS THE INCOME & EMPLOYMENT STATUS OF RENTAL APPLICANTS?
Kallangur is recognised as a suburb with many rental properties and affordable rents. Consequently, the area attracts many households with moderate income. 67% of rental applicants in Kallangur have incomes greater than $40,000 per annum, with almost 40% earning between $40,000 – $60,000 p.a.
Source: realestate.com.au | 1Form
Over 70% of rental applicants are employed.
Source: realestate.com.au | 1Form
WHAT IS THE AGE & GENDER OF RENTAL APPLICANTS AND ARE THEY LOOKING TO BUY PROPERTY?
The majority of tenancy applications for rental properties in Kallangur are from women aged between 20 – 40 years. Many applications are from young families, young adults in share households and also single parent families. Property features that are important to the majority of applicants include:
- 2 bathrooms
- good size kitchen with decent appliances
- air-conditioned and/or ceiling fans
- window and door security
- indoor and outdoor family areas & play areas for children
- lock-up garage
- fully fenced yards
Source: realestate.com.au | 1Form
A small number of rental applicants in Kallangur (over 6%) are considering buying a home in the short term (the next 12 – 24 months). This intention to buy reflects the increasing number of rental property households in Kallangur earning higher incomes.
Given there are more than 7,800 rental properties in Kallangur/Murrumba Downs/Dakabin, this also means that at any one time there are more than 470 rental households in the Kallangur area looking to buy a home.
This trend is evident with more than 50% of investment properties being sold to first home buyers (Source: Affinity Property)
Kallangur Lifestyle
BEAUTIFUL PLACES YOU CAN ENJOY FOR FREE
Want Your Investment Property to Stand Out from the Crowd?
Affinity Property has helped thousands of clients buy, sell and manage their investment properties over the past 15 years. Below you will find our 7 Essential Tips for Renting Your Property Fast & Stress Free.
7 Simple Steps to Rent Fast & Stress Free
- prepare and present your property to the market;
- understand what property features are important to tenants;
- the most effective ways to advertise to find the best tenants;
- key maintenance and repairs you should consider to get the maximum rent for your property;
- identify cost effective ways to add value to your property; plus
- other great property management advice.
Need Help with Your Investment Property in Kallangur?
If you have an investment property in Kallangur we’re here to help you. Affinity Property has been managing rental properties in Kallangur for more than 10 years. We offer a comprehensive 100% Service Guarantee to our Landlords to ensure you get the best return for your Kallangur investment property. Recently our clients voted Affinity Property as the Best Property Manager in Kallangur.
Service Guarantee
- our Service Guarantee;
- steps we take to maximise your rental income;
- fast leasing using our industry leading digital marketing;
- how we maintain and care for your property;
- tenant screening and selection;
- property inspections and reports; and
- other important property management services
Affinity Property pride ourselves on renting properties quickly for our landlords. We have very low days on market for rental properties and work extremely hard to maximise rental income for every landlord/client.
We have industry-leading digital marketing capabilities and generate a lot of tenant demand through social media, direct marketing and traditional real estate web-portals. A great rental department will advertise your rental property over a broad range of advertising platforms to ensure the greatest demand for your property.
Contact us today on (07) 3293 9100 to request a property management consultation regarding your property, or simply click ‘Request Appraisal’ below.
