CABOOLTURE OUTLOOK

G O L D C O A S T • I P S W I C H • M A C K AY

CABOOLTURE OUTLOOK Situated in the fast-growing Moreton Bay region, also know as the economic heart of the northern growth corridor of south east Queensland, Caboolture is set for massive population and employment growth.

Forecasts suggest an additional 232,000 will be living in the region by 2036, bringing the total population to a massive 622,000 people. Approximately 41,000 new residential dwellings will be provided to residents of the Moreton Bay region from 2009 to 2031.

30,000 new jobs will also be available as a result of the projected 120 per cent employment growth. The majority of this job growth will be triggered by the $20 billion of proposed, approved, in progress and completed projects.

The city has one of the fastest growing populations in Australia, making it the ideal place to invest.

LOCATION: Ideally positioned 48 minutes

RAPID DEVELOPMENT: Major features

of the Sunshine Coast.

$25 million Caboolture Hub, $17 million

north of Brisbane CBD and 42 minutes south CABOOLTURE WEST MASTERPLAN: The

proposed Caboolture West Masterplan will have a 40 year development horizon and

accommodate up to 70,000 new residents.

The Moreton Bay region is the fastest growing area in Queensland with the population set to increase dramatically by 2036.

SEPTEMBER 2016

including $45 million Corso North Lakes, Queensland State Equestrian Centre, $15 million Plantation Road project, $5 billion

PROPERTY PRICE GROWTH: The median price for new homes is $422,000.

RENTAL GROWTH: The total rental population is 45.54 per cent (Real Estate Investar 2016).

Oceanside Kawana, $2 billion North East Business Park and $1 billion North Lakes Development.

There are a vast number of award-winning education facilities in the area including schools, tertiary institutions and childcare centres.

The Moreton Bay region has been named as a ‘five star growth market’ by the Price Predictor Index, which tracks increased sales to pinpoint where prices will rise (Foster, 2016).

ECONOMIC OUTLOOK:

CABOOLTURE WEST MASTERPLAN

RAPID DEVELOPMENT There is over $20 billion of recently completed, underway, approved and proposed projects in the Moreton Bay region.

The Moreton Bay Region University Precinct will generate

The region is one of the fastest growing urban areas in Australia with residential land sales outpacing the rest of south east Queensland (Sutherland 2016).

offer world-class study opportunities to residents of the

The $1.15 billion Moreton Bay Rail Link sees 12.6km of dual track rail line constructed between Petrie and Kippa-Ring, servicing six new train stations. The rail link will open in the first week of October 2016 (ABC News 2016).

The $8.5 billion Bruce Highway upgrade is currently in the early stages of planning. Findings by Infrastructure Australia have marked the Bruce Highway upgrade as a priority project (Weston & Emery 2016).

The upgrade would improve the ‘busiest road corridor in south east Queensland’, with 78,000 vehicles travelling southbound every day (McKinnell 2016).

The Moreton Bay regions produces a Gross Regional Product (GRP) of $13.215 billion, representing 4.33 per cent of Queensland’s Gross State Product (GSP) (Economic Profile, 2016).

The city’s key industries including manufacturing, rental, hiring and estate services, construction, retail trade and health care and social assistance (Economic Profile, 2016.)

The proposed Caboolture West masterplanned community has been declared as a master plan by state government and work is underway on the planning framework. Council is

thousands of local higher education and employment opportunities for the region. With a full-scale University of the Sunshine Coast campus at its core, the precinct will Moreton Bay region.

It has been declared a Priority Development Area by the Queensland Government and encompasses approximately 460 hectares of land.

It has been declared an engine room of economic activity, generating $950 million for the Queensland economy and supporting over 6,000 jobs by 2036 (Courier Mail 2016).

The Westfield North Lakes shopping centre has undergone a multi-million dollar expansion. The $250 million project has linked the shopping centre to the new Ikea store to be built behind the shopping centre.

currently in discussions with the state government regarding the provision of infrastructure to service the development.

It is anticipated the area will have a 40-year development

program and accommodate 70,000 new residents (Moreton

I N F R A S T R U C T U R E A N D D E V E LO P M E N T AT A G L A N C E :

Bay Regional Council, 2016).

• $20 billion of recently completed, underway, approved and proposed projects.

It includes seven new suburbs, three high schools, nine

• $1.15 billion Moreton Bay Rail Link

primary schools and new commercial and industrial areas.

The development is expected to provide a net benefit

to the community in excess of $10 billion (Moreton Bay Regional Council, 2016).

• $8.5 billion Bruce Highway upgrade • 460 hectare Moreton Bay University Precinct • $250 million Westfield North Lakes shopping centre

RESIDENTIAL MARKET INSIGHTS Caboolture is an affordable, family-oriented area situated in the fast-growing Moreton Bay region.

The jobs growth, coupled with affordable prices, will fuel demand for housing. The area has been marked as a ‘hotspot’ in terms of new home building and population growth.

With 622,000 people expected to be living in the region by

The suburb is at the heart of billons of dollars worth of infrastructure projects recently completed, in progress, approved or proposed.

2036, Moreton Bay Regional Council is making inroads on the infrastructure needed to cater for the growing population.

Residents are ideally positioned, with direct access to both the north and south via the Bruce Highway, while being within minutes of everything they need: award-winning schools, topperforming universities, childcare centres, medical centres, a public and private hospital, shopping centres and transport.

Planning schemes are underway to make room for economic and social development without impacting on the area’s natural environment.

Sustainable population growth is supported by investment

Caboolture’s population rate is projected to grow at a rate more than double Queensland’s rate. Over the next five years, the annual growth rate is expected to be 4 per cent.

and leads to demand for services and materials during construction, and demand for services following construction.

• In 2011, nearly 70 per cent of the Caboolture population consisted of families. Almost half of the families were couples with children.

• Caboolture’s median age is 34 years old.

• Full-time workers represent 55 per cent of Caboolture’s labour force. 28 per cent are part-time workers.

• The market is characterised by a lower property entry price, a youthful demographic and a rapidly growing population.

HOUSING SUBURB PROFILES: SNAPSHOT OF BEAUDESERT 12 MONTH GROWTH 6.97%

C A B O O LT U R E

6.06%

M O R AY F I E L D BURPENGARY

4.02%

G R O S S R E N TA L Y I E L D

C A B O O LT U R E M O R AY F I E L D BURPENGARY

5.02% 5.13% 4.65%