Caboolture Outlook


These properties are changing weekly, this is how fast the housing sales are moving. Please contact us if you would like to be sent the latest properties available this week.

These properties are changing weekly, this is how fast the housing sales are moving. Please contact us if you would like to be sent the latest properties available this week.

Situated in the fast-growing Moreton Bay region, also known 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 north of Brisbane CBD and 42 minutes south of the Sunshine Coast.

CABOOLTURE WEST MASTERPLAN: The proposed Caboolture West Masterplan will have a 40 year development horizon and accommodate up to 70,000 new residents.

RAPID DEVELOPMENT: Major features including $45 million Corso North Lakes, $25 million Caboolture Hub, $17 million Queensland State Equestrian Centre, $15 million Plantation Road project, $5 billion Oceanside Kawana, $2 billion North East Business Park and $1 billion North Lakes Development./p>

CABOOLTURE WEST MASTERPLAN


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 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 Bay Regional Council, 2016).

It includes seven new suburbs, three high schools, nine 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).

RAPID DEVELOPMENT

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

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).

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 Region University Precinct will generate 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 offer world-class study opportunities to residents of the 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.

INFRASTRUCTURE AND DEVELOPMENT AT A GLANCE

  • $20 billion of recently completed, underway, approved and proposed projects.
  • $1.15 billion Moreton Bay Rail Link
  • $8.5 billion Bruce Highway upgrade
  • 460 hectare Moreton Bay University Precinct
  • $250 million Westfield North Lakes shopping centre.
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