- Posted By David Brown
Moreton Bay - Hotspot for Investment Property
The Moreton Bay region is the key growth corridor north of Brisbane, with an economy as diverse as the region and a hive of opportunity on offer. Moreton Bay is the third-largest local government area in Australia by population and has been recognised as a region with one of the fastest-growing populations, and the strongest-growing economies in the country
Why is the Moreton Bay Region attractive for Property Investors?
The Moreton Bay Region is strategically located 30 minutes north of Brisbane CBD and connected to key national and international export markets through the Bruce Highway, Gateway Motorway and Redcliffe Peninsula and Sunshine Coast Rail Lines connecting to the Port of Brisbane, Brisbane Domestic and International Airports, and Australia's newest International airport, the Sunshine Coast Airport.
University Of The MILL at Moreton Bay.
The USC Moreton Bay campus is the foundation development at "The Mill at Moreton Bay", a vibrant civic, cultural and business precinct planned by Moreton Bay Regional Council.
USC Moreton Bay is located at 1 Moreton Parade, Petrie, next to the Petrie train station and approximately 30km north of Brisbane.
The precinct provides exceptional opportunities for clever investment in education, employment and lifestyle to support one of the fastest-growing regions in Australia.
- Catering up to 20,000 students.
- Creating 6,000 new jobs by 2036.
- Onsite train station.
- Regular bus services and car parking.
- A flexible 460-seat capacity auditorium for teaching and community events.
- $15 million worth of state-of-the-art technology.
The housing demand in Moreton Bay will increase once we see University students start moving in and the QD government has already announce the return of International students in 2022.
Laguna North Lakes
Located 25 kilometres from Brisbane, and 20 minutes from Beachmere Village, this $250 million, 1.7ha mixed-use development is adjacent to Westfield Northlakes. Adding 7,700 jobs to the area, increasing commercial investments and employment rates.
- Home to some of the biggest retailers – Ikea, Target, Coles, Dan Murphy's, Big W and Costco.
- The newly built Westfield Shopping Centre is under the same roof.
- Over 8 million shopping centre visits annually.
- Over 5,000 local employees.
- 10,500 sqm of A-grade Office Space.
- 2,500 sqm of Function and Event Centre.
- 2,000 sqm Gym and health Facilities.
- 5,000 sqm of Fashion, Food & BeverageRetail including a restaurant precinct.
- New 140 Room Hotel.
West Caboolture PDA
The Queensland Government recently announced the initial stage of Caboolture West, known as Neighbourhood Development Plan 1 (NDP1).
The broader Caboolture West area in the Moreton Bay Regional Council has been identified as a major expansion area within the South East Queensland Regional Plan (ShapingSEQ).
Caboolture West is at the heart of a rapidly growing corridor north of Brisbane. The area is expected to eventually provide approximately 30,000 homes for around 70,000 people and generate close to 23,000 jobs.
Caboolture West has land utilisation challenges typically found in SEQ. Land fragmentation and incomplete land use and infrastructure planning are impacting on the ability to bring well planned and serviced land and housing to the market.
Other new regional investments are:
- Caboolture Hospital Upgrade
- Satellite Hospital - Bribie Island and Caboolture
- Upgrade Caboolture to Bribie Island road
- M1 upgrades and interchange improvements.
North Harbour is a Priority Development Area (PDA) that ensure new job opportunities and will unlock new industries.
According to Mayor Peter Flannery, the project could create an estimated 7,735 jobs and boost the local economy by $2.74 billion during the construction phase alone.
"The development would obviously provide a boost to the construction sector, and in the longer term diversify the industry and tourism sectors of the Moreton Bay Region economy. “This includes the creation of new specialised marine business services for the region such as boatbuilding, maintenance, repairs and more.”
Councillor Mark Booth said, "this is a hugely exciting development that will help steer Moreton Bay through the coronavirus pandemic and prosper on the other side – all that’s needed now is State Government support".
The North Harbour PDA “would support the construction and development sector by stimulating new marine industry, tourism, retail, commercial, residential development as well as significant community infrastructure".
618,000 residents by 2036
Moreton Bay Regional Council is Australia’s third-largest Council with 434,000 residents. In the last decade alone there has been an increase of more than 100,000 people. This trend is predicted to continue with a forecasted population of 530,000 in 2026 and 618,000 by 2036. This would make the population of Moreton Bay Regional Council greater than some other Australian states. This population growth has been one of the main drivers of economic growth and will continue to be a significant contributor for the next few decades.
25% of the population live in the corridor
A significant proportion of this population growth is expected to be along the new rail corridor. It is estimated that 25% of residents are currently living within this catchment area. This provides significant development, infill, community and business opportunities.
10,000 students expected by 2030
Moreton Bay Regional Council is creating a thriving new major precinct that will generate thousands of local higher education and employment opportunities for the region.
With a full-scale University of the Sunshine Coast (USC) campus at its core, this new destination will offer world-class study opportunities to residents in the Moreton Bay Region.
USC Moreton Bay is on track for completion in 2020, supported by additional work, study and community facilities, and will cater for up to 10,000 university students in its first 10 years. The Mill at Moreton Bay PDA is approximately 460 hectares and is located within the suburbs of Petrie, Kallangur and Lawnton.
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