Morayfield

POSTAL CODE: QLD, 4506
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A steady increase in median property prices over a five-year period in the suburb translates to a 38.98% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $820,000

The augmented property values in the suburb are trailing above the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $610.

Home owners selling their properties and realtors in MORAYFIELD usually have to wait an average of 32.3 days days before their assets are lifted off the market.

The QLD suburb ranks 350th on the list of best yielding suburbs for rental properties in QLD, posting a 3.87% return.

It also places places 373rd in Australia based on median property value growth during the quarter.

Surburb overview

Morayfield is a growing suburb situated approximately 45 kilometres north of Brisbane CBD in the Moreton Bay Region of Queensland. Originally a rural area, the suburb has experienced significant development over the past few decades, transforming into a thriving residential and commercial hub.

The suburb is well-equipped with essential amenities, including several supermarkets, shopping centres, medical facilities, and educational institutions.

Morayfield Shopping Centre, which is one of the largest shopping centres in the region, boasts a wide range of retail stores, supermarkets, and specialty shops. Other major shopping centres in the area include the Caboolture Square Shopping Centre and the Caboolture Markets.

Notably, the suburb is home to several excellent schools, including Morayfield State School, Morayfield East State School, and Morayfield State High School. Additionally, there are several private schools in the surrounding areas, providing a range of educational options for families.

Morayfield’s natural landscapes are another key feature of the suburb. With residents in the area having access to several parks, wetlands, and bushland reserves, there are plenty of opportunities for residents to enjoy outdoor activities and take in the local wildlife.

Some of the most popular outdoor attractions in the area include the Morayfield Sport and Events Centre, which features a range of sporting facilities, and the Morayfield Regional Aquatic Centre, which is a popular spot for swimming and water sports.

Over the years, Morayfield has seen a significant amount of development, with new residential and commercial properties popping up all over the suburb. Its close proximity to both Brisbane CBD and the Sunshine Coast has made it an attractive option for those who are looking for a quieter lifestyle, while still being close to major urban centres.

Additionally, being located in close proximity to Caboolture’s CBD provides residents with easy access to additional amenities and services, as well as a range of cultural and community events.

Infrastructure plans for the suburb include the development of new roads, public transport services, and community facilities. The Moreton Bay Regional Council has also recently announced plans for the development of a new town centre in Morayfield, which is expected to include a range of retail, dining, and entertainment options for residents and visitors alike.

Matthew Lewison, the chief executive of OpenCorp, says Morayfield is a “priority development; the northern corridor is likely to benefit from population growth and limited land supply”.
Overall, Morayfield is a thriving suburb that offers a great quality of life for its residents. With its excellent amenities, natural landscapes, and strong growth prospects, it’s no surprise that more and more people are choosing to call this suburb home.

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