Caboolture Research Factsheet 2nd Half 2017

For the past twelve months to Q3 2017, Caboolture property market has experienced a partial annual softening of -4.1% for houses and -3.6% for units. The median price is currently sitting at $327,500 for house and $188,000 for unit. On the other hand, the Moreton Bay Region median house prices recorded a median house price of $450,000 (+2.5% growth) and median unit price of $259,000 (+1.6% growth). The Caboolture property market offers a more affordable choice in comparison the Moreton Bay Region and the recent price softening indicate an ideal time for first home buyers and investors to jump into the market.

Over the past 12 months to Q3 2017, the average days on market for Caboolture has improved to 59 for houses and 83 for units, suggesting an increase in demand in the area. Over the same time frame, average vendor discounts have partially widened for units, currently at -6.6%, whilst houses have remained relatively stable at -3.5%. This suggests that sellers are more willing to further negotiate the final sales price, particularly for units. This further confirms increasing affordability in the Caboolture area. 

Average days on market for rental properties has continued to remain attractively low in the Caboolture area, currently at 26 days for houses and 30 days for units.  Median rental prices have experienced positive annual growth of 6.1% and 6.2%, currently at $350 per week for houses and $290 per week for units in Q3 2017. This, coupled with rewarding rental yields of 3.6% for house and 3.8% for units, demonstrates Caboolture as an attractive option for investors that are looking for strong returns on their investment.