Moreton Bay – Pine Rivers Urban – Suburb Report: Arana Hills, QLD
November 23, 2024 | Investment
Date Prepared: 22nd November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Arana Hills, nestled in the Moreton Bay region, is a vibrant, family-friendly suburb known for its lush greenery, excellent schools, and suburban charm. Its proximity to Brisbane CBD and extensive local amenities make it a desirable choice for families and professionals alike.
Demographics
- Population: Approximately 7,800 (2021 Census, ABS).
- Median Age: 39 years, reflecting a balanced mix of families and working professionals.
- Dwelling Type: Predominantly standalone houses with a mix of townhouses and modern units.
- Ownership: High ownership rates, indicative of long-term residential stability.
Property Market (2024)
Houses
- Median Sale Price: $966,225 (+16.4% annual growth).
- Median Weekly Rent: $680.
- Rental Yield: 3.7%.
- Sales Volume: 105 house sales recorded in the past 12 months.
Units
- Median Sale Price: $782,000 (+3.0% annual growth).
- Median Weekly Rent: $680.
- Rental Yield: 4.5%.
Long-Term Trends (2006–2024)
Over the past 18 years, Arana Hills has demonstrated significant growth, with the median house price increasing from $339,250 in 2006 to $966,225 in 2024. This represents an average annual growth rate of approximately 7.0%.
Recent Notable Sales
- 30 Cawdor Street: Sold for $1,055,000 (Nov 2024).
- 44 Reginald Avenue: Sold for $1,520,000 (Nov 2024).
- 16 Hutton Road: Sold for $1,005,000 (Oct 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Arana Hills offers access to several quality educational institutions:
- Primary Schools:
- Grovely State School.
- Secondary Schools:
- Ferny Grove State High School.
- Private Schools:
- Prince of Peace Lutheran College (nearby in Everton Hills).
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Arana Hills Plaza: Features major retailers, specialty stores, and dining options.
- Nearby Options: Brookside Shopping Centre offers extensive retail and entertainment facilities.
Parks and Recreation
- Leslie Patrick Park: A community hub with playgrounds, walking tracks, and picnic facilities.
- Bunyaville Conservation Park: Popular for hiking, biking, and birdwatching.
- Arana Hills Library: Provides educational resources and community programs.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Connected via Samford Road and South Pine Road, offering easy access to Brisbane CBD.
- Public Transport:
- Regular bus services and nearby Ferny Grove train station provide convenient commuting options.
- Walkability:
- Moderate; most amenities and schools are within short driving or public transport access.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Residential Expansion: Continued growth in family homes and modern housing estates.
- Community Investments: Upgrades to parklands, schools, and local infrastructure to enhance livability.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Healthcare, education, retail, and professional services dominate the local job market.
- Community Activities:
- Local events, sports leagues, and community festivals foster strong neighborhood ties.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
Metric | Value |
---|---|
Population | ~7,800 (2021 Census). |
Median House Price (2024) | $966,225. |
Median Rent (Houses) | $680/week. |
Rental Yield (Houses) | 3.7%. |
Median Unit Price (2024) | $782,000. |
Median Rent (Units) | $680/week. |
Rental Yield (Units) | 4.5%. |
Notable Parks | Leslie Patrick Park, Bunyaville Conservation Park, Arana Hills Library. |
Transport Access | Samford Road, Ferny Grove Station, bus services. |
Conclusion
Arana Hills combines suburban serenity with urban convenience, making it a top choice for families and professionals. With its excellent amenities, strong community, and consistent property market growth, Arana Hills offers long-term potential for residents and investors alike.
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