Moreton Bay part of Queenslands $2bn New Housing Front
- Posted By Sam May
Moreton Bay part of Queensland’s $2bn New Housing Front
A Prime Investment Location in South-East Queensland
Key Facts
- Queensland has launched a $2 billion Residential Activation Fund to accelerate housing supply by funding essential infrastructure.
- In Moreton Bay, four projects will receive $45.8 million to unlock 10,300 new homes — nearly 9,000 of these will be in the Waraba Priority Development Area.
- Waraba, spans 3,000 hectares, planned to deliver 30,000 homes for about 70,000 residents over time.
Infrastructure improvements include:
· A new bridge over the Caboolture River
- Upgrade to the Bellmere Road Corridor (between River Drive and Dobson Lane)
- City of Moreton Bay Mayor Peter Flannery said the funding would help meet urgent demand. “As south-east Queensland’s fastest growing city with 240 new arrivals each week, we urgently need new homes,” Flannery said.
- The $150-million Catalyst Infrastructure Fund, announced in the budget, will accelerate trunk works across the state, including in Waraba.
Source…The Urban Developer
Population Growth Outlook
The City of Moreton Bay’s population is projected to grow significantly:
- By 2041: An additional 210,000 residents, bringing the total to around 690,000.
- By 2046: Forecasts indicate approximately 792,700 residents, an increase of 308,300 people over 25 years.
- This level of growth places Moreton Bay among the fastest-growing local government areas in the country, driven by housing affordability, lifestyle appeal, and proximity to Brisbane.
- To support this growth, Moreton Bay has committed to delivering 125,000 new homes by 2046, with a formal State Government target of 88,300 new dwellings by 2041 under the South East Queensland Regional Plan 2017.
- With a current economy exceeding $18 billion, Moreton Bay is rapidly diversifying across industries like advanced manufacturing, construction, logistics, agribusiness, and tourism. The region is also benefitting from its proximity to Brisbane and the Sunshine Coast.
Tight Rental Market & Strong Yields:
- Vacancy rates well below 1% in key growth corridors
- Rental yields range from 4%–5.5%
- Increasing demand from families, professionals, and interstate migrants
Major Infrastructure Projects:
- Millovate / The Mill at Moreton Bay: $1.5B innovation and university precinct
- Caboolture West: 30,000+ new dwellings planned in a new city-scale development
- Bruce Highway Upgrades: Improving connectivity to Brisbane and Sunshine Coast
- Moreton Connector: A major transport link to support ongoing growth
Investment Highlights:
- Affordability compared to Brisbane metro areas
- Strong population and employment growth
- Billions in infrastructure and urban development underway
- Strategic location between two major cities
Moreton Bay is perfect option for the Balanced / Risk-Averse Investor
- Why? Solid yield (3.9%) + strong growth (Narangba up 9.9%).
- Strategy: Detached houses in Narangba or Caboolture West, close to rail and job hubs.
Why Invest:
Moreton Bay offers a rare mix of affordability, high rental demand, and transformative infrastructure investment—making it a strategic, future-focused destination for property and commercial investors alike.