Welcome to the first of our location profile posts. Our aim is to make this a recurring monthly production focusing on different suburbs or regions around Australia that we feel have great potential for solid capital growth and cash flow over the coming years. We’re highlighting areas that have worthwhile prospects, due in part to their growth drivers, infrastructure plans, or demographic changes.
In the first of our series we’re taking a closer look at the Moreton Bay region located in the northern growth corridor of Brisbane. Home to over 400,000 people and encompassing inner suburbs such as Strathpine, Bray Park and Petrie. Further afield and closer to the coast we see the suburbs of Mango Hill, Kippa-Ring and Redcliffe. Moreton Bay is located approximately 30 minutes from the Brisbane CBD and 20 minutes from the Brisbane airport.
- Currently projecting 200 thousand new Moreton Bay residents in the next 20 years
- The Mill Priority Development Area including the Sunshine Coast University – Petrie Campus
- Newly established rail corridor is opening up the bay area – 85 new residential development projects approved along the rail corridor since 2013
Brisbane is currently classified as a rising market according to the current Herron Todd White Month in Review publication (August 2018)
demographics and statistics
Moreton Bay Regional Council is Australia’s third largest Council with 434,000 residents. In the last decade alone there has been an increase of more than 100,000 people. This trend is predicted to continue with a forecasted population of 530,000 in 2026 and 618,000 by 2036, thereby making the population of Moreton Bay Regional Council greater than some other Australian states.
This population growth has been one of the main drivers of economic growth and will continue to be a significant contributor for the next few decades.
According to the 2016 Census:
SQMResearch currently charts the Northern Brisbane vacancy rate at 2.2%. A value that has been trending down for some months.
By far the biggest project taking place in the Moreton Bay area is ‘The Mill’, a priority development area repurposing the aged Petrie Paper Mill site. The local council are aiming to create a thriving new major precinct that will generate thousands of local higher education and employment opportunities for the region.
With a full-scale University of the Sunshine Coast (USC) campus at its core, this new destination will offer world-class study opportunities to residents in the Moreton Bay Region.2
The campus is on track for completion in 2020, supported by additional work, study and community facilities, and will cater for up to 10,000 university students in its first 10 years. The Mill at Moreton Bay PDA is approximately 460 hectares and is located within the suburbs of Petrie, Kallangur and Lawnton.
An investor for nearly 10 years, Evan is our go to location and suburb analyst. With a passion for numbers, researching and analysing investment areas, combined with a strong IT background, Evan co founded Moka as a way of sharing his knowledge and experiences with like minded property investors.
We are a Canberra based boutique property firm specialising in educating property investors & sourcing residential investment properties all over the country. Our thorough research and deep analysis ensure these properties are of the highest quality in the very best investment locations.