Meridian Australia has identified a key suburb in the Moreton Bay Region, located approximately 25 km from the Brisbane CBD and 8 km from The North Lakes Principal Centre.
The suburb is a low-rise leafy suburb dominated by young families and 21.6% of the market is made up of professionals and managers.
The suburb is surrounded by key infrastructure with a rail station in place, the new USC Moreton Bay Campus University as well the Old Mill precinct is located within 20 minutes away.
The Old Mill precinct is part of Moreton Bay’s southern corridor and is home to one of Queensland’s largest retail, service, and emerging employment hubs.
According to the Moreton Bay Regional Council, The Mill at Moreton Bay will help deliver up to 6000 jobs, 10,000 university student placements, and $950 million in economic benefit by 2036. (1)
The market is near a variety of parks, sporting facilities, walking and bike tracks and has a mix of highly regarded public and catholic schools. The region also offers many shopping centres, cafes and childcare facilities to assist with the overall demand from future purchasers and investors alike.
The key market of choice is a highly desirable and relatively affordable residential real estate market. The market has key fundamentals in place for potential capital growth in the medium to long term.
Market Statistics
Professionals and managers in the suburb: 21.6% (2)
Owner-occupiers in the suburb: 67.3%, illustrating a low-risk market and that this market is attractive to homeowners who pay premiums for property (2)
Vacancy rates: Currently 2.6% Feb 2023 (a clear indication of an undersupplied market and increase pressure on rental prices) (3)
In 2022, the housing market experienced a total of 26% sales growth (4)
Next Steps
Looking to get the property investment conversation started?
Or, just looking to stay in the loop?
Jarryd Gauci – Property Investment Consultant
P: (02) 9939 3249
Disclaimer: When considering purchasing a property, it's always prudent to seek the advice of an appropriately qualified professional to determine which strategy is most appropriate for your circumstance.
References:
(2) ABS Quick stats
(3) SQM Research
(4) Pricefinder