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Caboolture Property Market Valuation

Caboolture Rental Properties (September 2020)

Caboolture continues to be the cheapest area to rent in the Moreton Bay Region with the average 4 bedroom house renting for $370 per week.

Rents in Caboolture have changed marginally over the past 12 months, with 3 bedroom townhouses experiencing the biggest fall (-1.5%) and 2 bedroom townhouses having the biggest increase (+2.9%).  3 bedroom houses also experienced a small increase in rent (+1.6%) as shown in the table below.

Current rental demand for this property type in this suburb Average weekly rent payable for this property type Difference in rent payable for this property type compared with 12 months ago
4 Bedroom House 43.8% $370.00 0% -
3 Bedroom House 23 .9% $320.00 1.6%
3 Bedroom Townhouse 9.2% $308.00 -1.5%
2 Bedroom Townhouse 3% $275.00 2.9%
2 Bedroom Unit 5.2% $272.00 0% -

Source: realestate.com.au  |   RTA Queensland Median Rents 

Number of Rental Properties in Caboolture

Caboolture has the largest number of houses for rent of all suburbs in the Moreton Bay Region. 

Caboolture has 4,800 houses registered as rental properties with the Qld Residential Tenancies Authority (RTA).  The region with the second highest number of houses for rent is Kallangur/Murrumba Downs/Dakabin, with 3,983 homes registered as rentals with the RTA.

The composition of rental properties in Caboolture is:
  • 4,800 Houses (66% of stock)
  • 1,906 Flats/Units (26% of stock)
  • 397 Townhouses (5% of stock)
  • 118 Other – includes movable dwellings & rooming accom (2% of stock)

The Moreton Bay Region has 32,237 houses that are rentals.  Consequently, Caboolture alone accounts for 15% of total houses for rent in the Moreton Bay Region.  Tenant demand by property type is highest for houses in Caboolture, given the large number of rental houses on the market.  The lowest tenant demand in Caboolture is for acreage properties.

Caboolture Rental Property Demand

Tenant demand by property type is highest for houses in Caboolture followed by 3 bedroom townhouses.  The lowest tenant demand in Caboolture is for acreage properties.

Caboolture Tenant Profile

WHO IS THE AVERAGE RENTAL APPLICANT?

When you buy or lease an investment property in Caboolture, it is important to understand what your average tenant looks like:
 
  • over one third of rental applicants have pets
  • more than 90% own a vehicle and many want a double garage
  • there is only a small number of students applying
  • tenants who are employed have on average been in their job for 3 years

Given almost 40% of rental applicants own pets, it is highly beneficial for landlords to have a fully fenced back yard if you allow pets at your property.  Likewise, having a double garage or adding a covered car port can significantly increase the appeal of your property to tenants.

Source: realestate.com.au  |   1Form

WHAT IS THE INCOME & EMPLOYMENT STATUS OF RENTAL APPLICANTS?

Caboolture is recognised as a suburb with affordable rents.  Consequently, the area attracts many households who have low income.   46% of rental applicants in Caboolture have incomes less than $40,000 per annum.  42% of rental applicants are unemployed.. 

Source: realestate.com.au  |   1Form

Source: realestate.com.au  |   1Form

WHAT IS THE AGE & GENDER OF RENTAL APPLICANTS AND ARE THEY LOOKING TO BUY PROPERTY?

The majority of tenancy applications for rental properties in Caboolture are from women aged between 20 – 40 years.  Many applications are from young families and also single parent families.  Property features that are important to the majority of applicants include:

  • 2 bathrooms
  • good size kitchen with decent appliances
  • air-conditioned and/or ceiling fans
  • window and door security
  • indoor and outdoor family areas & play areas for children
  • lock-up garage
  • fully fenced yards

Source: realestate.com.au  |   1Form

Only a very small number of rental applicants in Caboolture (less than 5%) are considering buying a home in the short term (the next 12 – 24 months).  This low intention to buy reflects the lower incomes of many rental property households in Caboolture.

Given there are more than 7,200 rental properties in Caboolture, this also means that at any one time there are 360 rental households in Caboolture looking to buy a home.

Source: realestate.com.au  |   1Form

BEAUTIFUL PLACES NEAR CABOOLTURE YOU CAN ENJOY FOR FREE

There are many beautiful places in the Moreton Bay Region you can enjoy for free!  To plan your next adventure and learn more about what’s on in the region, check out Visit Moreton Bay Region

Want Your Investment Property to Stand Out from the Crowd?

Affinity Property has helped thousands of clients buy, sell and manage their investment properties over the past 15 years.  Below you will find our 7 Essential Tips for Renting Your Property Fast & Stress Free.

7 Simple Steps to Rent Fast & Stress Free

When you rent out your property, you are competing with thousands of other landlords to attract the eyes, ears and attention of potential tenants.  Some suburbs have higher vacancy rates and many more rental properties than neighbouring suburbs.  So the big question is: “How do you stand out?”

These 7 Essential Tips provide great advice to help you:
  • prepare and present your property to the market;
  • understand what property features are important to tenants;
  • the most effective ways to advertise to find the best tenants;
  • key maintenance and repairs you should consider to get the maximum rent for your property;
  • identify cost effective ways to add value to your property; plus
  • other great property management advice.

Need Help with Your Investment Property in Caboolture? Here

If you have an investment property in Caboolture we’re here to help you.  Affinity Property has been managing rental properties in Caboolture for more than 10 years.  We offer a comprehensive 100% Service Guarantee to our Landlords to ensure you get the best return for your Caboolture investment property. 

Recently our clients voted Affinity Property as the Best Property Manager in Caboolture.

Service Guarantee

Affinity Property manages a large and diverse portfolio of rental properties and we employ talented, local real estate agents with many years experience.  You will find in our Free Web Book advice about:
  • our Service Guarantee;
  • steps we take to maximise your rental income;
  • fast leasing using our industry leading digital marketing;
  • how we maintain and care for your property;
  • tenant screening and selection;
  • property inspections and reports; and
  • other important property management services
For more information about our property management services & service guarantee CLICK HERE

Affinity Property pride ourselves on renting properties quickly for our landlords.  We have very low days on market for rental properties and work extremely hard to maximise rental income for every landlord/client. 

We have industry-leading digital marketing capabilities and generate a lot of tenant demand through social media, direct marketing and traditional real estate web-portals.  A great rental department will advertise your rental property over a broad range of advertising platforms to ensure the greatest demand for your property.

Contact us today on (07) 3293 9100 to request a property management consultation regarding your property, or simply click ‘Request Appraisal’ below.

What Our Clients Say About Us

Affinity Property is consistently ranked in the Top 3 Best Real Estate Agents across numerous suburbs by the people that matter: our clients.  These client ratings are not paid for on advertised sites but are on independent client rating sites such as Rate My Agent and Google Reviews.  If you want to find a top real estate agent to help with your property, we’d love to help you.