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.