Kallangur Property Watch Q4 2013

The Kallangur area is well positioned to attract buyers searching for a convenient and well serviced location in the northern suburbs of the Greater Brisbane Region. With numerous express train services from nearby Petrie to Brisbane scheduled each day the Kallangur area is a viable and affordable alternative to many suburbs located closer to the Brisbane City centre, with the added benefit of proximity to the Bruce Highway and a short trip to 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 Kallangur.

The Kallangur median house price has generally trended within the range of $350,000 +/- 5.6 per cent since the six months to October 2008. This post-Global Financial Crisis (GFC) period has been characterised by a generally declining trend in both median price and transaction volume. However, over the five year period from October 2008 to October 2013 the average capital growth on residential housing resales was approximately 4.5 per cent.

The median unit price has exhibited a higher degree of volatility since the GFC. However, the response in both median price and transaction volume was somewhat muted relative to comparable locations in the Greater Brisbane region. Given the developing nature of the unit market in Kallangur it is more likely that this volatility is an indication of the specification and availability of new stock. Capital growth over the five years to October 2013 averaged 5.9 per cent.