Mango Hill Buyers Agent’s Guide

Are you looking to purchase a home or investment property in Mango Hill? As a Mango Hill Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Mango Hill property purchase!

Description

Mango Hill is a suburb in Moreton Bay Council located 32km north of the Brisbane CBD. The majority of the suburb comprises new houses constructed in the past 20 years. New areas of the suburb are still being developed. Mango Hill is bordered by the suburbs of North Lakes, Kallangur, Murrumba Downs, Griffin and Rothwell.

Mango Hill Map

 

Demographics

The population of Mango Hill in 2016 8,419 and continues to grow. 52.1% of households in Mango Hill are owner occupied and consistent predominantly of professional couples with children.

Shops, restaurants and entertainment

Mango Hill’s main shopping and café precinct is located on the intersection of Anzac Avenue and Halpine Drive.

Westfield North Lakes located on the corner of Anzac Avenue and the Bruce Highway is the largest shopping centre in the area.

Several major retailers including IKEA and Costco are located north-west of the Westfield Shopping Centre, between the Bruce Highway and Diamond Jubilee Way.

Transport

There are two train stations in Mango Hill: Mango Hill station and Mango Hill East station. It takes approximately 45 minutes to get to the Brisbane CBD by train.

Schools

The area is home to a number of private and public schools including St Benedict’s Primary School, St Kieran’s School, The Lakes College, Living Faith Lutheran Primary School, St Benedict’s College, Grace Lutheran College, Mango Hill State School and North Lakes State College.

Parks and Green spaces

Mango Hill is quite a leafy suburb with a tranquil Halpine Lake located close to the Mango Hill train station and many small parks dotted around the suburb.

Moreton Bay Cycle Way runs through Mango Hill, along the rail line from Petrie in the West to Kippa-Ring in the East.

Mango Hill is only a 20-minute drive from beaches on the Redcliffe Peninsula.

Major employers

Westfield North Lakes and surrounding businesses provide employment opportunities for local residents.

The first stage of the new University of the Sunshine Coast Petrie Campus is due to be completed in early 2020. Whilst the construction project has already contributed to the increase in new jobs in the area, more jobs will be created once the university is operational.

Housing type and typical block size

The vast majority (53%) of properties in Mango Hill are free standing houses.

New brick single and double-storey houses built in the past 20 years are the dominant type of housing in the area. The most blocks range from 400m2 to 600m2 in size. Blocks in the newly developed areas tend to be smaller than in the older parts of the suburb.

What can my money buy in Mango Hill?

The median house price in Mango Hill is $535,000 which is below Brisbane’s median.

The median house price in Mango Hill would typically buy a 4 bedroom, 2 bathroom house on a 400m2 block. For example: 4 Harris Street Mango Hill – sold for $540,000 in July 2019 (click to view listing)

Buying a House in Mango Hill

The median unit price in Mango Hill is: $317,750

This amount would typically buy a 3 bedroom, 2 bathroom townhouse in a new complex. For example: 28/3 Brushwood Court Mango Hill – sold for $301,000 in May 2019 (click to view listing)

Buying an investment property in Mango Hill

How has the Mango Hill property market been performing?

In the last 5 years the median house price has increased by 26.1%. Over the last 10 years, house prices have increased by 2.6% per annum.

Units in Mango Hill have seen modest declines in median prices, down 10.4% over the last 5 years. No reliable data on the annual growth of units over the past 10 years is available.

Supply and demand characteristics for Mango Hill

  • Average Days on Market: Houses 71 days.  Units:  86 days.
  • On average houses are selling 1% below their list price. Units typically sell 4% below their list price.
  • Mango Hill’s auction clearance rates are 50% for houses, and 0% for units.
  • The average rental yield for houses is 4.32%, compared to 5.42% for units.
  • There is a large number of houses (7.97%) and units (10.17%) currently listed for sale.
  • The rental vacancy rate for houses and units is 2.3%.

 

**Statistics are accurate for August 2019

Check out Mango Hill’s Community page for some additional information on the suburb.

 

Thinking about buying a property in Mango Hill? Our Mango Hill Buyer’s Agent is more than happy to have a chat. Please contact us.

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