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.