The Moreton Bay Boom Boasts An Investor Heaven


It's not a mystery to the locals of the region that we're experiencing a time of significant growth on Brisbane's Northside. 
 
The Moreton Bay Region is expanding substantially with the introduction of some exciting developments, including the likes of: North Lakes very own Ikea, the Moreton Bay Rail Link, the confirmation of Moreton Bay University and the exciting expansion of Westfield North Lakes. 
 
Just yesterday the Mango Hill station was announced open with trains expected to begin travelling early to mid next year. 
 
Draft timetables for the Moreton Bay Rail Link are also now online as TransLink encourages their commuters to provide feedback before the line opens.
 

The new line will deliver 650 train services a week, running every 6-12 minutes during peak periods as well as the introduction of many express services.

 

Image via: The Australian

 

If there was ever a time to buy into this development rich area it's now with housing prices remaining steady and vacancy rates sitting at the absolute lowest in the state. 

 

The Moreton Bay Regional Council have also confirmed speculation of a University in the region following its $50.5 million dollar purchase of a Petrie site.

 

This exciting endeavour is sure to place the region on the map, as currently the closest University from the chosen location is more than half an hours drive away. 

 

In an interview with the Brisbane Times, Mayor Allan Sutherland has suggested that the Moreton Bay region is predicted to grow by more than 40 per cent over the next 20 years, taking the population to more than 500,000 people.

 

Image via: The Brisbane Times

 

Cr Sutherland says that they're currently in negotiations with many prospective educational institutions but is positive that the new investment will provide hundreds if not thousands of jobs and educational opportunities.

As well as these two game changing developments, one of the regions newest suburbs - North Lakes is also having a highly desireable makeover.

The Courier Mail has revealed that Brisbane's first Ikea store, that will link directly to the newly renovated Westfield North Lakes will open mid to late 2016. 

The expansion of Westfield North Lakes will include the introduction of 60 new fashion, home and lifestyle shops as well as a new discount department store.

 

Image via: The Courier Mail

 

According to the Australian Local Government Association's 2015-16 State of the Regions report, the Moreton Bay Region has the strongest economy in Queensland as well as ranking 14 out of all Australian regions. 

 

For the canny investor, this development boom means that theres a lot to love about the Moreton Bay Region. 

 

Written By: Jorgia White

Created on 5/11/15 - For comments or questions please email: marketing@affinityproperty.net.au