Simply Put ... Land like this, so close to water is in short supply. Check out the Realestate.com.au website and see what we mean...
Two blocks of residential land situated in Deception Bay, Queensland. Level, north facing blocks side by side.
Rental demand in this area is high - Vacancy rates are Low. People want to live in Deception Bay. Whether your planning on retiring to the area or building here is an opportunity not to be missed.
Land this close to the water are in hot demand. Each block is around 405m2 in size.
Vacant land - Flat - North Facing - 800m to water - Cleared - Plans available - Soil Tests Done -
$185,000 for each block.
Deception Bay is a mature suburb located just off the Bruce Highway within the Caboolture Shire about 30 kilometres north of the Brisbane GPO. It is approximately 20 minutes from Brisbane’s airport and about 30 minutes from the Sunshine Coast.
The area supports a vibrant and growing market, offering a range of urban land uses and access to kilometres of foreshore to Deception Bay.
The area also adjoins the dynamic North Lakes masterplanned community offering a town centre, 18 hole golf course and Westfield shopping centre
As a result of explosive price growth throughout south east Queensland, Deception Bay is enjoying a surge in interest, evidenced by the last few years rapid influx of population.
Despite this activity, the market retains a strong sense of affordability. The market is the most affordable water front suburb in greater Brisbane and also enjoys a significant discount when compared with the neighbouring Mango Hill market (which is home to the expansive North Lakes masterplanned community)
Population
The Caboolture Shire is the 5th fastest growing city or shire in Queensland and the 10th fastest in Australia. The Caboolture Shire has seen the population increase by 4.1% per annum over the last two years.
Deception Bay has been the fastest growing suburb within the Caboolture Shire over the last two years and over the last year it has also recorded the largest increase in population within the Shire. The area has grown by an average of 6.3% per annum over the last two years. The suburb is also growing three times as quickly as greater Brisbane.
Population growth has had two major effects:
• The market has enjoyed above average price growth (both compared with its own historical growth and also in comparison to other waterfront markets in greater Brisbane)
TheDeception Bay market expected to continue to be supported by:
• Strong population growth
• A price advantage over neighbouring markets
• A limited supply of new housing
• A buoyant rental market
• On-going delivery of economic and lifestyle infrastructure in the local catchment.
Infrastructure
The Deception Bay market is poised to benefit from the ongoing lifestyle development which is an integral part of the adjacent North Lakes development that spans over 1,000 hectares.
The North Lakes Town Centre is designed to operate as a hub of retail and commercial activity and provide a focus for entertainment, recreation and socialisation for a catchment extending to the middle ring suburbs of Brisbane.
Already in this area, the wider community has been delivered:
• An 18 hole Graham Marsh-designed championship public access golf course, rated as one of the 25 best in Australia.
• Westfield North Lakes, a 26,000m2 shopping centre encompassing some 104 retailers including Coles, Target, Aldi and 17 dining outlets.
• Pine River Shire's Pathways project, comprising of North Lakes' Library, Learning and Aquatic Centre and the North Lakes Retirement Resort, combining:
o State-of-the-art library.
o Leisure centre with pools and indoor gymnasium.
o Education and training centre.
o Village green.
o Meeting function space.
• Outside the shopping centre, 36 hectares of land are earmarked to provide
commercial services, food services, health, professional and personal services and employment opportunities.
• North Lakes is also planned to include a major Mixed Industry and Business Area (MIBA) of 55 hectares which will be a major employment destination.
• In total, North Lakes on completion is expected to generate employment for up to 13,000 residents. It is important to note that the provision of this infrastructure has had significant impact on median house prices of the Mango Hill and Deception Bay markets. Between 1990-1995, the median house price ratio between Mango Hill and Deception Bay was equal.
By 2005, the median house price in Mango Hill was greater than 50% more expensive than Deception Bay. While a price premium should be expected within the North Lakes estate, it is thought that the current price differential is extreme, with the more affordable Deception Bay market likely to benefit from its relative affordability.