Prepared June 2026 · Affinity Property Australia
The Petrie Growth Report
Is now the best time to sell in Petrie’s history? The data says yes. Get a property price estimate to learn more.
$1.05M
MEDIAN House Value (APRIL 2026)
+21.6%
12-Month Growth MEDIAN SALE PRICE
12 Days
Median Days on Market
$625/w
Median House Rent
Is now the best time to sell in Petrie’s history? The data says yes.
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OVERVIEW
Suburb Snapshot
Petrie is a well-established suburb in the City of Moreton Bay, 24 km north of Brisbane CBD, undergoing one of the most significant urban transformations in Queensland — and one of the most in-demand areas to sell property in North Brisbane, driven by The Mill at Moreton Bay Priority Development Area and the USC Moreton Bay campus.
$1.05M
Median SALE Price — Houses
↑ 21.6% year-on-year (April 2026)
$645K
Median Sale Price — Units
↑ 35.8% year-on-year
12
Median Days on Market
vs 17 days — Moreton Bay avg
3.6%
Gross Yield — Houses
Median rent: $625/week
4.6%
Gross Yield — Units
Median rent: $550/week
109
House SALES (12 Months)
110 new sale listings
Price Performance
A Decade of Capital Growth
As a property value estimate will tell you, Petrie house values have more than doubled since 2021, accelerating sharply from 2022. The current median house value (April 2026) of $1.05M represents a 142% increase from the April 2017 figure of $433K — an extraordinary long-run performance.
Units
Key insight for sellers: Petrie house values have risen 21.6% over the past 12 months — adding more than $180,000 in median value since April 2025. If you purchased your home at any point before 2023, you are sitting on very significant equity gains. The long-term 10-year compound growth story is equally compelling for buyers evaluating Petrie’s future potential.
Recent Trend
12-Month Median Value Trajectory
Monthly median values from May 2025 through April 2026 show a consistent climb for both houses and units. Petrie’s median house value broke the million-dollar barrier in early 2026, and has remained there since, with the April 2026 median house price at $1.05M — outpacing property sales trends across most of Brisbane’s north.
Units
Moreton Bay
| Price Quartile | Houses | Units |
|---|---|---|
| Upper Quartile (75th percentile) | $1,050,000 | $730,000 |
| Median (50th percentile) | $960,000 | $645,000 |
| Lower Quartile (25th percentile) | $860,000 | $600,000 |
| Gross rental yield | 3.6% | 4.6% |
| Median asking rent (weekly) | $625 | $550 |
| Annual rental growth | +6.4% | +10.0% |
| Median days on market | 12 days | 12 days |
Median Price reflects the median of all houses sold over the trailing 12 months; Median Value is Cotality’s point-in-time estimate as at April 2026. The gap reflects strong growth across the period.
Community Profile
Who Lives in Petrie?
Petrie is a predominantly family-oriented suburb with high owner-occupancy and above-average household incomes relative to the broader Moreton Bay region — characteristics that support sustained demand from quality buyers.
Moreton Bay
Moreton Bay
Why Petrie Is Growing
Once-in-a-Generation Catalysts
Unlike most outer-ring suburbs, Petrie already has multiple committed, simultaneous major infrastructure projects underway — creating the kind of demand support that makes it an exceptional time to sell property in North Brisbane, and genuinely unusual for a suburb at this price point and distance from the CBD.
🏛
The Mill at Moreton Bay — PDA
A 460-hectare Priority Development Area on the former Norske Skog paper mill site. Projected to generate 6,000 local jobs and $950M in annual economic benefit once fully developed. Described as 50% larger than the Brisbane CBD — a 15–20 year buildout.
🎓
USC Moreton Bay Campus
Australia’s first new full-service greenfield university campus in 14 years, opened March 2020. Projected to reach 10,000 students by 2035 across 100+ degree programs. Already driving meaningful rental demand, with further pressure expected as enrolments grow.
🏅
2032 Olympic & Paralympic Games
The Moreton Bay Indoor Sports Centre at The Mill, Petrie, is a confirmed 2032 Olympic venue. Construction runs 2026–2028. Combined state and federal venue infrastructure: $7.1 billion across SEQ, with Queensland committing $37.4 billion in broader infrastructure spending.
🚆
Rail Connectivity & Relative Value
Petrie Train Station offers 30-minute express access to Brisbane CBD. With a median price below the Greater Brisbane median of $1.1M, Petrie remains compelling value for buyers priced out of inner and middle-ring suburbs migrating north. For owners looking to sell property in the Moreton Bay region, this rail access and relative affordability makes Petrie homes attractive to a wide pool of buyers.
Structural undersupply: Queensland attracted over 25% of Australia’s total population growth between Q1 2020 and Q3 2025, while dwelling completions lagged significantly. Greater Brisbane added 58,200 residents in 2024–25 alone — a 2.1% growth rate second only to Perth nationally. Annual dwelling approvals were already 18% below the 240,000-per-year target needed to meet the Housing Accord in early 2026. This structural undersupply is a key reason why selling a house in south-east Queensland right now — and Petrie in particular — continues to deliver strong vendor outcomes.
Policy Impact
2026 Federal Budget — What It Means for Petrie
The 2026 Federal Budget, delivered 12 May 2026, introduced the most significant housing and property tax reforms in decades. Here is what each key measure means for Petrie homeowners and sellers specifically.
Negative Gearing Now Law: Restricted to New Builds (from 1 July 2027)
Under legislation passed on 25 June 2026, investors purchasing established residential properties after Budget night (12 May 2026) can no longer offset rental losses against other income from 1 July 2027. Properties purchased before 7:30pm on Budget night (12 May 2026) are grandfathered in full. CBA modelling estimates this could leave prices approximately 3% lower than they otherwise would have been — reducing their national price growth forecast from 5% to 3% for 2026.
For Petrie sellers: The grandfathering clause preserves the investment appeal of established Petrie homes purchased before Budget night. For post-Budget sellers, investor demand may gradually shift toward The Mill PDA’s new-build pipeline — but owner-occupier demand in Petrie remains strong, and is likely to absorb any investor softening.
Moderate Impact — Owner-Occupier Market Well Buffered
Capital Gains Tax Reform Now Law: 50% Discount Replaced from 1 July 2027
The 50% CGT discount has been replaced by legislation with CPI-adjusted cost base indexation plus a minimum 30% tax rate on real capital gains accruing on or after 1 July 2027. Gains accrued before 1 July 2027 retain the existing discount treatment in full — the change only applies to future gains accumulating from that date. For discretionary trusts, the 30% minimum rate applies from 1 July 2026.
For Petrie sellers: If you hold an investment property and are considering selling, completing the sale before 1 July 2027 locks in the full 50% CGT discount on all gains accrued to that point. This may be a material timing consideration for Petrie investors holding properties purchased at any point in the past five years of strong growth.
Moderate Impact — Consider Timing of Sale Before July 2027
First Home Buyer Support Measures
Expanded government guarantee schemes allow eligible first home buyers to purchase with a smaller deposit while avoiding Lenders Mortgage Insurance. The 100,000 Homes for First Home Buyers program and a $2 billion Local Infrastructure Fund were also announced to support new housing supply delivery.
For Petrie sellers: These measures directly expand the pool of eligible buyers for Petrie properties, particularly in the $800K–$1.05M price band where most of Petrie’s house market transacts. A larger first-home buyer cohort in this price segment directly supports vendor outcomes.
Positive for Sellers — Larger Buyer Pool at Entry Level
RBA Cash Rate at 4.35% — Three 2026 Hikes
The Reserve Bank hiked the cash rate three times in 2026 (February, March and May), taking it from 3.60% to 4.35% — reversing all three cuts made during 2025. Each 25bp rise reduces average borrowing capacity by approximately $12,000. An average $736,000 loan now costs roughly $360/month more than at the start of 2026. The RBA has signalled a pause at its June meeting to assess the impact of these hikes.
For Petrie sellers: Higher rates have moderated buyer borrowing capacity and may soften competition at the very top of Petrie’s price range. However, Petrie’s sub-$1.1M median keeps it within reach for dual-income buyers, and the 12-day median days on market confirms demand remains robust at current price levels.
Mixed — Demand Remains Resilient Below $1.1M
Bottom line for sellers: With the Federal Budget introducing proposed tightening to negative gearing on established dwellings and revisions to the CGT discount by July 2027, forward-thinking property owners are tracking a critical legislative window. Selling your house or investment property in the current environment — with 12-day median days on market and 21.6% annual capital growth — gives vendors maximum leverage before any policy-driven softening takes hold in the investor segment of the market.
Forward View
Rental Growth & Market Outlook
Petrie’s rental market is outperforming the broader region, with unit rental growth running at 10% year-on-year. The combination of Olympic-related construction activity, continuing USC enrolment growth, and broader SEQ population inflows keeps the demand outlook firmly positive.
Upside Factors
Risk Factors to Monitor
Affinity Property Australia · Sean McCreanor · Mob: 0438 115 550 · Ph: 07 3293 9100 · sean@affinityproperty.net.au
Disclaimer: This report has been prepared for informational purposes using publicly available data from Cotality (CoreLogic), HTAG Analytics, Domain, realestate.com.au, the Australian Bureau of Statistics, Economic Development Queensland, the City of Moreton Bay, InTheSuburbs, Borro Finance, and various government and financial sources. Property market data changes rapidly; always verify figures with current sources. The Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 passed both houses of Parliament on 25 June 2026. Supplementary legislation to address small business CGT carve-outs and the co-owner grandfathering issue is expected later in 2026 and may affect some investors. Population forecasts are estimates subject to revision. The Lawnton Pocket Road rezoning is subject to approval and has not been assessed as of this report date. This report does not constitute financial, investment or legal advice. Always consult qualified professionals before making property decisions. Report date: 30 June 2026.