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Just six kilometres north-east of the Brisbane CBD, Hendra has transformed from a quiet, leafy suburb into one of the city’s most in-demand addresses. Known for its charming Queenslander homes, wide streets and proximity to the Eagle Farm and Doomben racecourses, Hendra combines heritage character with modern lifestyle appeal. Over the past two decades, it has also delivered some of the most consistent capital growth in the Brisbane property market.
A Record of Remarkable Growth
Hendra’s growth story is undeniable. In 2006, the median house price sat around $540,000. Fast forward to 2024, and that figure had surged to more than $1.8 million. That’s an average annual growth rate of more than 6.5%, proving Hendra’s long-term resilience as an investment location.
Even more striking has been its recent performance. Over the past 12 months, median house prices have jumped from approximately $1.5 million to $1.7 million with an increase of nearly 12% in just one year. High-end sales have made headlines too, including a Goodwood Street residence that sold off-market for $5.6 million after last changing hands for just $28,500 back in 1978. Stories like this highlight the extraordinary capital growth Hendra has delivered for owners who hold property over the long term.
Current Market Conditions
Today, Hendra remains a highly competitive market for both buyers and renters. Family homes are in particularly strong demand, often leasing quickly once listed. Weekly house rents now average close to $940, while unit rents hover around $580. Investors are attracted to the suburb not only for its capital growth but also for the healthy rental demand that underpins yields.
Units have also shown sharp movement with values climbing more than 11% over the past year. Properties here are often leased within days, reflecting just how tight the local rental market has become. For landlords, this presents an opportunity to secure quality tenants at strong rental returns.
Why Hendra Stands Out
What sets Hendra apart is the balance it strikes between lifestyle and convenience. Tree-lined streets showcase classic Queenslanders alongside architect-designed modern homes, giving the suburb a unique character that appeals to a broad demographic. Families are drawn to the suburb’s proximity to leading schools such as St Rita’s College, Clayfield College and St Margarets Anglican school, as well as its abundance of green spaces and parks.
Location is another key driver. Hendra sits just minutes from Brisbane Airport, the CBD and the Portside Wharf precinct. It's easy access to major arterial roads and public transport makes commuting simple, while the nearby café and dining scene on Racecourse Road and in Hamilton provides a vibrant lifestyle edge.
A Market That Rewards Investors
For property investors, Hendra’s performance speaks for itself. The suburb has combined steady long-term capital appreciation with strong short-term rental demand, creating a market that is both resilient and lucrative. Demand for quality homes and boutique apartments shows no sign of easing and the limited supply of land in the area will continue to support values.
At Homeward, we see Hendra as one of Brisbane’s most compelling suburbs for landlords seeking both growth and stability. With boutique property management focused on care, compliance, and tenant quality, landlords can maximise returns while securing the long-term value of their investment.
Final Word
Hendra has evolved into more than just a well-located suburb; it has become a blue-chip investment hub in Brisbane. With consistent capital growth, a thriving rental market and undeniable lifestyle appeal, it’s no surprise that both owner-occupiers and investors are competing for their piece of this suburb.
If you’re a landlord or investor considering Hendra, now is the time to act.
Book a free rental appraisal with Homeward Property Management and discover how our boutique approach can help you secure the best outcomes in one of Brisbane’s most exciting markets.
