Caboolture Research Factsheet 1st Half 2017
The Caboolture property market has witnessed solid performance over the past 12 months to Q1 2017, with a unique combination of annual price growth and comparatively affordable property prices.
The Caboolture property market has witnessed solid performance over the past 12 months to Q1 2017, with a unique combination of annual price growth and comparatively affordable property prices.
The median price is at $342,500 for houses and $190,000 for units, with an annual price growth of 2.2% and 7.3% respectively. Caboolture’s median property prices sit significantly below their local government area of Moreton Bay ($446,000 and $327,000 respectively), which indicates the affordability and suitability of Caboolture’s property market for not only first home buyers but also investors thanks to strong rental yields of 5.2% (houses) and 7.9% (units).
Estimated new project development value for the 1st half of 2017 is approximately $21.5M, and contains an exciting mix of infrastructure (58.1%), commercial (28.3%) and residential (13.6%) projects. These projects will further strengthen Caboolture’s economic productivity, which will have a positive multiplier effect to the property market. A major infrastructure development is the Caboolture Hospital Emergency Department Redevelopment. The project has an estimated value of approximately $10.0M and is due for completion in early 2018.
