Deception Bay

POSTAL CODE: QLD, 4508
HOUSE
UNIT

Based on its average 5-year and quarterly capital gains DECEPTION BAY, 4508 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that DECEPTION BAY, 4508 obtained a 9.5% growth over a ten-year period. It ranks 226th on our list of suburbs that property investors should look into.

DECEPTION BAY, 4508 in QLD belongs to the local government area of Moreton Bay.

DECEPTION BAY, 4508 has a capital gain of 12.86% for the past year, which is lower than average compared to its 109.55% growth within a five-year period.

With the median home price in DECEPTION BAY sitting at $790,000, and the average rent at $590, property owners could potentially earn a 3.88% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in DECEPTION BAY are low, as opposed to average gains per annum over the past five years.

Surburb overview

Deception Bay is a fast-developing suburb in the new local government area of Moreton Bay. It lies north of the Brisbane central business district, some 32 kilometres away from the CBD. The suburb got its name from the bay next to it, as bestowed by English explorer John Oxley in 1823. Oxley thought the bay was a river, and hence named it after its “deceiving” characteristics.

Deception Bay has a diverse community of residents; majority of its inhabitants are Australian, while the rest have migrated from New Zealand, England, the Philippines, Samoa and Scotland. This explains the variety of influences that shine through its arts, food and culture scene.

Points of interest

As part of Moreton Bay, Deception Bay is in close proximity of the oceanfront, lakes and mountain trails, which means that it never runs out of things to do for tourists and residents. The Freshwater National Park in Redcliffe is just a stone’s throw away, and so are the nature and cultural attractions in the neighbouring suburb of Caboolture.

The suburb itself has its own recreational areas: it has a dog beach, a pool, a driving range and several parks. It is also a 15-minute drive away from North Lakes, a bustling suburb teeming with shops and commercial establishments. New developments are being built that will be the setting of a new hospital, residential estates and retail centres.

Optimistic forecasts

Real estate investors are bullish about Deception Bay as trends point to a rise in demand for seaside developments in Australia. Many residents believe that the suburb is headed for the same direction, as historical home prices in Deception Bay reflect continuous growth. Property rental prices are also on an uptick, though costs remain generally light on the budget.

You’re out of free articles for this month
Loading form...