Caboolture Property Market Update 2nd Half 2019

In Q3 2019, Caboolture recorded a median house price of $344,000, and a median unit price of $190,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -4.4% for houses and a price growth of 18.8% for units. At the same time total sales slowed, by -56.9% for houses (59 sales) and by -33.3% for units (14 sales). Now is an ideal time to transact, with affordable houses for first home buyers and higher capital growth for unit sellers.

Average vendor discount between Q3 2018 and Q3 2019 has widened quite significantly for both property types, to -5.1% for houses and to -5.9% for units. Market conditions in Caboolture continue to favour buyers, where sellers are willing to negotiate much further below their initial listing price. Now is the time to enter the market.

Over the past 12 months, house rental yields in Caboolture increased strongly to reach 4.6% in June 2019. This suggests the house rental market is in a healthy position, as the house rental median price increased by 2.9% to $350 per week respectively. Investors are encouraged to take advantage of substantial rental returns in Caboolture.

2 bedroom houses have provided investors with +5.8% rental growth annually, achieving a median rent of $275 per week.

Caboolture recorded a low trending vacancy rate of 1.0% in June 2019, which sits at a very healthy position well below Moreton Bay LGA (1.9%) and Brisbane Metro (2.5%).