Today, we take a trip to Mango Hill, a seemingly underrated suburb in Brisbane and the look at the reasons why it’s our suburb spotlight for this month!
Mango Hill is a suburb of Moreton Bay Region, in Queensland, Australia. In March 2006, it was subdivided to form the suburb of North Lakes by the Department of Natural Resources, Mines, and Water. Mango Hill has a recorded population of 4,339 with a median household income of $1,678 weekly.
Mango Hill has gained the interest and attention of home buyers and investors following developments of its railway system as well as North Lakes’ infrastructure advances. North Lakes is the largest suburb in the area and borders Mango Hill, Griffin, Murrumba Downs, Kallangur, and several others.
Below we discuss what this booming suburb offers today and the reasons why Mango Hill should be on everyone’s radar.
Apart from its proximity to North Lakes’ beautiful waters, Mango Hill has great access to major community facilities such as private and public schools, parks, swimming pool, and restaurants. Located in the heart of Brisbane North, Mango Hill residents can get to Brisbane CBD in under an hour, drive to Brisbane airport in under 30 minutes, and access the Sunshine Coast’s amazing beaches in about 55 minutes.
A mere stone’s throw away is North Lakes, with a shopping district featuring an IKEA, a Westfield Shopping Centre, and lots of new classy developments including small businesses, quirky cafes, and wide-ranging restaurants. Moreover, it's also the gateway to Redcliffe - a nice, quiet beach suburb frequented by anyone on the north side who doesn't want to go all the way to the Sunshine Coast.
Mango Hill is a family-oriented suburb – its developments, infrastructure and facilities have all been planned and built to meet the needs of its residents. Statistics show that the top three demographics who live in Mango Hill are (1) maturing couples and families – 24.5%; (2) established couples and families – 24.3%, and lastly (3) older couples and families – 17.1%. It’s important to note that the lifestyle of a suburb is often influenced by who lives there; with a strong family-based community new residents can expect a warm welcome. This makes Mango Hill a perfect residential area for families with kids and individuals looking for a peaceful location.
With most of its residents being families, Mango Hill effortlessly provides a generally peaceful environment for its inhabitants. Within 10 minutes’ drive you’ll find more than 60 local and village parks, three district parks, and eight sports fields, providing plenty of opportunities for the community to come together especially for kids to play in the playgrounds, explore walking paths and bikeways, and visit aquatic centres and swimming clubs.
Mango Hill’s infrastructure improved greatly with the recent completion of its new railway. In 2016, Mango Hill railway station and Mango Hill East railway station were built. Both stations are located on the Redcliffe Peninsula railway line that goes directly to Brisbane City.
Mango Hill also provides a public bus service going to Mango Hill supermarkets and restaurants including Westfield Shopping Centre, IKEA, and Costco. This allows residents to commute easily and conveniently as they go to important and in-demand destinations.
SQM Research’s latest reports have Mango Hill’s vacancy rates at a mere 2% – 0.6% lower than Greater Brisbane as a whole – making it an attractive prospect for investors looking for stable, long-term tenants.
Considering the nearby recent developments in infrastructure, Mango Hill is quickly becoming one of the best suburbs in Australia for Investment Property. Recent data shows that Mango Hill received a total of 202 visits per property annually. It also shows that the median sales price for houses in Mango Hill, QLD in the last year was $545,000 based on 145 home sales. Compared to the same period five years ago, the median house sales price for houses increased by 22.8%, which equates to a compound annual growth rate of 4.2%.
Overall, Mango Hill shows great potential, and reaps all the benefits from neighbouring North Lakes’ infrastructure development without the staggering price tag of buying there directly. Property investors and potential home buyers will be glad to know that they can get a good deal on a variety of properties with Mango Hill’s affordable entry rates and enviable location.
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