Page 15 - Best Of Local Mag August 2023 Edition

Moreton Bay Dominates SEQ’s

Top 10 Most Popular Suburbs

While Brisbane City boasts the highest number of properties In response to this growth pressure, last year Council announced
sold in PropTrack’s latest data, Moreton Bay has become real we will protect 75% of our region’s land mass as greenspace and
estate’s dark horse in SEQ. limit our urban footprint to 25% of the region.

Putting unit sales aside, the smart money is clearly targeting “This new measure is part of our commitment to ‘Going Green As
property in Moreton Bay for houses with larger land parcels than We Grow’ to ensure that we protect the lifestyle and environment
the city. long-term locals love, which our new residents are also coming
here to enjoy.
Mayor Peter Flannery said the data showed Moreton Bay’s
affordability and lifestyle were a secret no more. “So our focus is on infill development to absorb this population
growth pressure, as well as a focus on business and investment
“Investor confidence is strong in Moreton Bay and rightly so,” attraction to help create more local jobs closer to home.
Mayor Flannery said.
“But in the interim, we are in critical need of major road and
“The fact is your budget can stretch further to afford the home transport investment from the State and Federal Governments
and lifestyle you’ve dreamed of, because we still offer great to ensure our infrastructure can keep pace with our population
connectivity to the CBD and airport, and boast easy access to growth.
local beaches and our stunning hinterland.
“This will be the central theme of our Leaders Forum when all
“Caboolture was Moreton Bay’s top performer taking out third local, state and federal representatives in Moreton Bay gather to
place in the Top 10, no doubt spurred by speculation around the discuss our biggest challenges and opportunities.”
Waraba (Caboolture West) development area.
SEQ’s Top 10 Most Popular Suburbs
Over the past 12 months Caboolture has seen 450 houses sold at
a median price of $573,000. 1. Brisbane City - 768 units, $540,000 median price
2. Redbank Plains - 456 houses, $518,500 median price
North Lakes came in sixth place with 374 houses have been sold 3. Caboolture - 450 houses, $573,000 median price
at a median price of $717,500. 4. South Brisbane - 442 units, $541,000 median price
5. Fortitude Valley - 400 units, $401,500 median price
“In fact if it wasn’t for unit sales in Fortitude Valley and South 6. North Lakes - 374 houses, $717,500 median price
Brisbane, North Lakes would have claimed fourth spot! 7. West End - 369 units, $610,000 median price
8. Morayfield - 368 houses, $581,000 median price
“Claiming a tie in eighth and ninth place were Morayfield and 9. Narangba - 368 houses, $732,000 median price
Narangba, both had 368 house sales with a median price of 10. Springfield Lakes - 346 houses, $641,500 median price
$581,000 and $732,000 respectively.

Moreton Bay is one of the fastest growing regions in the country,
with 10,000 new residents moving here each year.

August 2023 www.bestoflocal.com.au 15