Posted on February 18th, 2021

What makes Arana Hills a great Brisbane suburb to invest in 2021?

The Brisbane and Perth property markets are among the hottest in 2021, with strong price growth predicted by many analysts and commentators.

For investors researching which suburb, area or location shows great potential this year, Arana Hills is one.

Arana Hills, Brisbane – suburb profile

Arana is an indigenous word meaning ‘welcome’ and true to its name, Arana Hills is a mature, established and pretty community.

Located 11km north west of the Brisbane CBD, it is well connected with two train stations at its doorstep, providing easy public transport options into the CBD in 25 minutes. It also has an array of amenity on offer, including Arana Hills Plaza shopping mall, a TAFE campus, Keperra Golf Course, many green parks and sports fields as well as a range of primary and secondary schools in close proximity.

Within a 10-minute drive is the Great Western Super Centre and Brookside Shopping Centre and a 16-minute drive from Chermside Westfield Shopping Centre, which is the second largest regional shopping mall in Australia, the second largest after the famous Westfield Chadstone in Melbourne.

High demand for homes in Arana Hills

Experienced investors are aware that vacancy rates are key indicator of demand and supply in a property market. A 3% vacancy rate represents a balance of supply and demand in the rental market. When the vacancy rate for an area drops below 3% it is an indicator of a market where demand is outstripping supply.

Vacancy rates inevitably fluctuate, especially with season, but in Arana Hills, the rental market has never exceeded 3% in past 16 years since 2005 – showing an amazing long-term tight rental market. Today, the rental market is incredibly tight with a vacancy rate of just 0.8% (March 2021).

According to REA, there are currently just 5 rental listings as at 19 April 2021.

Source: REA, April 2021

Arana Hills Price growth

The median house price in Arana Hills has increased by an average of 7.5% over the last 20 years, which means prices have more than doubled each decade for the past 2 decades. Over the 12 months to January 2021 (the most recent suburb level data), Arana Hills houses grew by 6.1% and units & townhouses grew by 16.6%, an impressive result considering this time period included the hardest months of COVID-19 impacting our property markets.

Arana Hills – rare duplex homes in Brisbane

Brisbane City Council have recently implemented a town planning change that has resulted in a severe restriction in the ability of Brisbane to develop medium density developments.

This has resulted in a sudden and significant reduction in the amount of townhouse and medium density product being brought to market.

This comes at a time of growing demand for this product type, which provides modern designer homes at affordable pricing.

Ironfish’s latest boutique property recommendation in Arana Hills is not only a rare, medium-density residential development, but even more rare – it’s a freehold title in a new duplex community which is beautifully, architecturally designed and planned.

Priced from $629,999, register your interest to learn more.

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