Caboolture Property Watch Q1 2014
Observing the house and vacant land sales cycle, median price of house and vacant land in the Caboolture Area experienced a sharp increase in the period leading to 2007. Since then, there were mild fluctuations in median prices for both land and houses. In a six month period to December 2013 there was another spike in median sale price of house and vacant land. Looking at the number of house and vacant land sold there was a marginal increase in both. In the ten year period ending December 2013, there was a growth rate of 3.5 per cent per annum recorded for house sales and comparable 3.8 per cent per annum for vacant land.
The house price point for the $250,000 - 299,999 price point recorded an increase of five per cent on the six months prior. Median price of units recorded a growth rate of 8.2 per cent per annum in a ten year period ending December 2013, in contrast with house which registered a growth rate of 3.8% in the same period. Caboolture is gradually expanding with attractive sites and infrastructure which continue to attract residents. An expansion of the township with a corresponding increase in economic activities could encourage consistent growth levels in house and land sales.