Hendra couple more than doubles their capital gains


Silke Hayes and Leon Hayes with their children Ariyah (10), Aspen (5) and Alexander (2) at their Hendra home, Monday, August 7, 2023 – Picture: Richard Walker

STRATEGY and luck are behind a couple’s capital gains in one of Brisbane’s high-end suburbs.

Owners Leon and Silke Hayes have lived in Hendra over the last 18 years and purchased several homes in the area.

New figures from PropTrack reveal house prices in Hendra have grown a whopping 53 per cent in the past five years, with the median house price now sitting at $1.69m.

Mrs Hayes said gradual buying, building and seeing what the market was doing had been their strategy.

“We purchased our first home for $485,000 in 2008 at the height of the GFC, and we’ve recently bought a block of land in the same pocket for $1.15m,” she said.

“We’ve more than doubled our equity. We purchased lots of land, built a business in the background, sold that ourselves, and knew we’d get our guarantee back in Hendra.

“We’ve just bought the land that we’ll build on, it’s not a dream home, and we’ll either live in for a while.

“It would be great to end up in Ascot or Hamilton one day.

“We’ve travelled everywhere, but nothing compares to Brisbane and Hendra.”

Mr Hayes said Hendra was the best suburb in Brisbane, close to the CBD, motorways and airport.

“Hendra is beautiful, leafy with a great community, and I can be at the Qantas Club at the airport in 10 minutes from my house,” he said.

“People undervalue Hendra; if you’re in Sydney, Melbourne or Perth, being this close with these amenities, you’d be paying far more.

“If you look at Hawthorne, it’s is outstripping Hendra, it doesn’t make sense. Now I think Hawthorne is too high in price for our appetite.

“You’ve got to be in the market, and it doesn’t matter when you get in.

“Once you’re in, you can add value in multiple ways.

“You never live on the words I wish I had of … You think about how to add value to the property and continue growing that equity.

“I’ve been very fortunate to have bought and built when we have.

“We’re building some projects in Hendra now, and I wouldn’t choose any other suburbs because you can add value because of the location and attributes.”

Mr Hayes said he had a property on Mein Street near the Hendra racecourse that he believed was extremely undervalued.

“We could purchase our dream home, but we choose not to because we want to increase value in the portfolio and area.

The post Hendra couple more than doubles their capital gains appeared first on realestate.com.au.

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