CABOOLTURE - MORAYFIELD OUTLOOK

Situated in the fast-growing Moreton Bay region, also known as the economic heart of the Northern Growth Corridor of South-East Queensland, Caboolture and Morayfield are amid massive population and employment growth.

Caboolture and Morayfield residents currently have access to a plethora of facilities, including award-winning schools, top-performing universities, numerous childcare centres, a diverse range of medical centres, a public and private hospital, many shopping centres and neighbourhood centres with great access to public transport.

LOCATION: Positioned directly beside the Bruce Highway, north of the Brisbane CBD (48 minutes) and south of Sunshine Coast (42 minutes).

RAPID DEVELOPMENT: $20+ billion in major projects recently completed, underway, approved and proposed in the region.

$25 MILLION CABOOLTURE HUB: Caboolture Hub is an award-winning community and business venue at the heart of the Caboolture CBD. At the complex, you will find the Learning and Business Centre, Caboolture Library and Caboolture Regional Art Gallery

BELLMERE WOOLWORTHS AND SHOPPING PROJECT: Woolworths will open a new location in Bellmere as part of a multimillion-dollar shopping development to feature 15 specialty shops and attract more than 300 jobs. Scheduled to open mid-2023.

FEBRUARY 2023

Forecasts suggest an additional 232,200 will be living in the region by 2036, increasing the total population to 622,000 people. To support this, developments that commenced in 2009 up until 2031, aim to provide approximately 41,000 new residential dwellings with a predicted employment growth of more than 120%.

Ideally positioned as a fast growing, affordable, familyorientated area, Caboolture, and Morayfield are in high demand!

SUNSHINE COAST UNIVERSITY HOSPITAL: Located 40 mins from Morayfield. Developed as part of a 49-acre integrated health campus, the world class design delivers a new benchmark in integrated research and training facilities, patient-centred care and as a healthcare workplace for the Sunshine Coast community.

PROPERTY PRICE GROWTH: The median house price in Caboolture is $565,000 and the median house price in Morayfield is $595,000.

$80 MILLION BIG FISH BUSINESS PARK: Located next the Bruce Highway, includes a 13,000 sqm Bunnings Warehouse, Coles, Chemist Warehouse, Petstock and other specialty stores and eateries.

TIGHT VACANCY RATES: Caboolture recorded a vacancy rate of 0.3% in March 2022, which is well below Brisbane Metro’s 0.7% average. Vacancy rates in Caboolture have held steady over the past 12 months, within the 1.0% range for almost 2 years. This indicates stability in its rental demand.

The Queensland State Government identifies Caboolture- Morayfield as a Principle Activity Centre (PAC) in the South East Regional Plan 2009 –2031, with a visionary aim for urban and economic transformation.

Moreton Bay has been identified as the fifth fastest growing Council area in Australia with continued growth over the next 40 years for the MorayfieldCaboolture areas.*

An estimated $25 million will be spent on upgrading the Caboolture River Road (Grant to Morayfield), which includes four traffic lanes, traffic lights at key intersections, and cycle lanes and pathways on both sides of the road.

THE CABOOLTURE BOOM

The city of Caboolture is an ideal place to invest in due to having one of Australia’s fastest growing popultations, multi million dollar developments and rapid employment growth.

2022 created a unique opportunity for buyers and sellers, where by median house prices softened by 2.6% and unit prices decreased by 20.1%.

Median house prices in the area sat at $565,000, while median unit prices sat at $267,500 making this location an extremely attractive area for investing, with a promising outlook regarding future growth and developments.

The total rental population of Caboolture is 45.54% with a rental yield of 4.3%, coming in slighltly higher than Moreton Bay at 3.9%, and Brisbane metro at 3.6%.

The median rental price also saw a 25.0% increase towards the end of last year along with a 33.3% increase in the number of houses rented, between 2021 and 2022.

Additionally, the area is about to see a $96.1 million worth of developments in new projects including residential, commercial, industrial, infrastructure and mixed-use projects.

MORAYFIELD GROWTH

Morayfield has seen a steady capital and rental growth in recent years, with median prices still rising and creating a high demand for the suburb by investors, firsthome buyers and even downsizers.

Nestled in Queensland’s Moreton Bay Region, Morayfield is one of Southeast Queensland’s fastest growth areas due to its proximity to job centres, public transport, and its affordability.

The suburb, along with Caboolture, are considered Moreton Bay’s main retail and commercial hubs adding significant value for property investments.

Growth also extends to the areas easy access to to retail hubs, major transport networks including M1 and Bruce Highway as well as to private and government services including schools, health centres, and public and private hospitals.

Morayfield’s median property prices have steadily risen over the past five years to a 64.48% capital gain. The median price for a house is $588,000 and $346,250 for a unit.

30,000 new jobs will become available as a direct result from the 120% growth projected for employment, which is reassuring for locals and new migrating families.

The area’s transport networks have also been considered by State Government development planning, and includes an $8.5 billion upgrade to Bruce Highway between Deception Bay Road and Caboolture-Bribie Island Road.

Caboolture also hosts a number of award-winning education institutions from childcare centres, primary and senior schools as well as TAFE’s and universities.

In terms of location, Caboolture is only 42 minutes south of the iconic Queensland beaches of the Sunshine Coast and 48 minutes north of Queenslands metropolis and cultural precinct of Brisbane.

Overall, now is an ideal time to invest in Caboulture when also considering that Moreton Bay region produces a Gross Regional Product (GRP) of $13.215 billion, equating to 4.33% of Queensland’s Gross State Product.

Together with growth and development plans set to generate $950M for the Queensland economy, Caboulture is quickly becoming a much sought after area.

Dwelling structures in Morayfield are predominantly 93.6% detached housing, 5.6% semi-detached dwellings followed by 0.4% for flats, units, or apartments.

Morayfield’s population sits at approximately 21,394 with 38.63% living in rental occupancy. The median rental price in the suburb is $440 per week, with a median rental yield of 3.81%. Morayfield ranks 393rd best Queensland rental yielding suburb.

Ranking 393rd best rental yielding Queensland suburb, Morayfield profits from a 3.98% return.

Home to mainly young families as residents, Morayfield offers plenty of leafy parks and outdoor picnic areas that connect to sections of the Queensland State Forest.

There are plenty of shopping centres in the area including Morayfield Megacentre, Morayfield Supacentre and Morayfield Shopping Centre.

Located only 45 minutes south from the pristeen beaches of the Sunshine Coast and 40kms north of Brisbane, this growing suburb has a projected Capital Growth of 10% per annum for the next five years and has been claimed as the second most liveable Australian city by Aussie Home Loans.

BRUCE HIGHWAY’S MULTI MILLION UPGRADE

The jointly funded investment of $662.5 million by the Australian and Queensland governments will see major updgrades to the Bruce Highway set for completion in late 2023 with another $5 billion

projected for 2023 – 2031.

The popular 1,700 kilometer stretch of Queensland’s major north-south corridor that connects coastal population areas from Brisbane right up to Cairns, is currently undergoing some of the biggest road upgrades undertaken in Southeast Queensland.

The Bruce Highway provides the connecting road to service close to 60% of Queensland’s population. Used daily not just by commuters, the highway is also a major linkage for freight companies moving goods between inland suppliers to coastal and regional hubs.

The key $662.5 upgrade developments, which are still in completion, have included upgrades in and around Caboolture and Morayfield exits. In 2022, the southbound

exit ramp to Caboolture-Birbie Island Road were realigned, a new southbound carriageway between Pumicestone Road and Caboolture-Bribie Island Road opened in May while in November, the southbound switch opened between Pumicestone Road and Caboolture-Bribie Island Road. More upgrades to the highway will continue until late 2023.

The $5 billion priority upgrades planned between 2023 – 2032 aim to improve the overall safety of the highway. Some of the high-priority plans include: improving signage and directional systems; installing safety barriers in high-risk areas; widening pavement sections for wide centreline treatement and installing barriers and intersections in high-priority locations.

MORETON BAY’S $40 BILLION INVESTMENT CAMPAIGN

Moreton Bay Region’s promise of economic growth has been backed up by an awardwinning strategy inviting investors to Southeast Queensland’s fast growth areas.

The launch of the Invest Moreton Bay campaign in 2021 marked a significant milestone for the Moreton Bay region, as it strives to double its economy and become a leading hub of innovation in Australia. The campaign is a key component of the successful strategy developed by the Moreton Bay Economic Development Team and aims at attracting investors in industries that are of high priority to the region, which can benefit from the unparalleled growth and potential opportunities available in the area.

The Moreton Bay area is already a thriving economy in Australia, but it plans to significantly boost its economic

growth over the next 20 years to maintain its position as the driving force of Queensland’s economy. Compared to other locations in South East Queensland, Moreton Bay has consistently achieved better economic outcomes and growth, averaging 3.0% annually from 2006 to 2020.

According to Peter Flannery, the Mayor of Moreton Bay Council, the region is currently facing a critical juncture, as it presents a remarkable prospect for investors to create a better future.

Moreton Bay is an incredibly promising economic opportunity that is ripe for large-scale region-building projects, providing countless opportunities for both current and future residents.

INFRASTRUCTURE AND DEVELOPMENT AT A GLANCE:

• $20+ billion in major projects recently completed, underway, approved and proposed in the region.

• $8.5 billion upgrade to Bruce Highway

• $25 million Caboolture Hub

• $80 million Big Fish Park

• Multimillion-dollar Bellmere Woolworths

RESIDENTIAL MARKET INSIGHTS

The Caboolture and Morayfield areas are located in the northern part of the Moreton Bay Region, Queensland. The area has been experiencing steady growth in recent years, with increasing numbers of residents and new property developments.

Property prices in Caboolture and Morayfield have been steadily rising, driven by strong demand from homebuyers and investors as well as State and Australian Government funded developments within the area. The median house price in Caboolture is currently around $565,000, while in Morayfield it is slightly higher at $588,000. The median unit price in Caboolture is around $267,500 and again, moderately higher in Morayfield at $346,250.

The area has a diverse business community, with major employers including the Caboolture Hospital, Caboolture State School, and the Morayfield Shopping Centre. The region is also home to several industrial parks, providing job opportunities in manufacturing and logistics.

Another factor contributing to the growth of the real estate market in Caboolture and Morayfield is the region’s proximity to major transport infrastructure. The area is located near the Bruce Highway, providing easy access to Brisbane and the Sunshine Coast. There is also a train station in Caboolture, offering convenient links to Brisbane and other parts of the region.

In terms of property types, the area is seeing an increase in demand for both houses and units. Houses are more popular among families, while units are attracting young professionals and investors. The region is seeing a rise in new property developments, including townhouses and apartments, which are providing more affordable housing options for residents.

Overall, the Caboolture and Morayfield real estate market is showing strong growth and potential for future investment. The region’s strong economy, convenient transport links, and affordable property prices are attracting more residents and investors to the area. The increasing number of new property developments is also providing more housing options, which is likely to further drive growth in the real estate market in the coming years.

• Total homes for rent in Caboolture is 66% and 26% for units, townhouses and/or semi-detached.

• Morayfield had a 30.77% median price growth in the past 12 months with an average of $450 per week for rent.

• 30,000 new jobs are predicted in Caboolture, resulting from a 120% employment growth.

• Moreton Bay Region’s economy is set to double from $17.72 billion to $40 billion by 2041.

HOUSING SUBURB PROFILES: SNAPSHOT OF MORETON BAY

• Moreton Bay Region’s economic outcomes and growth outperform other Southeast Queensland areas growing at an average of 3.0% per annum (2006 – 2020).

• The Queensland State Government identifies CabooltureMorayfield as a Principal Activity Centre (PAC) in the Southeast Queensland Regional Plan 2009-2031.