Caboolture Area Property Watch Report 2013 Q4 Report

The Caboolture area is undergoing a period of renewed development and growth. With residential projects such as Peets Riverbank Estate and continued expansion in the local industrial and services sector, buyers are attracted to the region for its well developed infrastructure and amenities, as well as the central location relative to Brisbane and the Sunshine Coast.

With Brisbane forecast to follow the lead set by Sydney and Melbourne in 2013 investors have also begun to search for greater perceived value in well located suburbs such as Caboolture.

The residential property market in Caboolture appears to be exhibiting the beginning of a recovery from post-Global Financial Crisis (GFC) lows. While the unit market within the region has typically exhibited a relatively high level of median price volatility over time, the GFC had a profound effect on the viability of many proposed developments. A number of approved medium-density sites remain available for sale within the region and a sustained recovery should enhance the prospect of future development at these locations.

The median house price recorded 5 per cent growth over the 12 months to October 2013. House transaction volume also increased over the same period, up significantly by 16.2 per cent. The largest portion of transactions were recorded in the range of $200,000 to $299,999 for both houses and units, affording commuters improved levels of affordability relative to many Brisbane suburbs.