City of Moreton Bay – Pine Rivers Urban – Buyer’s Agent Suburb Report: Murrumba Downs, QLD

November 22, 2024 |

brisbane property

Date Prepared: 22nd November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).


Overview

Murrumba Downs, located in the Moreton Bay region, is a desirable suburb known for its family-friendly vibe, modern amenities, and excellent transport connectivity. Its proximity to Brisbane and scenic riverside settings make it a sought-after location for both families and investors.


Demographics

  • Population: Approximately 12,000 (2021 Census, ABS).
  • Median Age: 39 years, reflecting a balanced mix of families and professionals.
  • Dwelling Type: Predominantly standalone houses with some modern townhouses and units.
  • Ownership: High ownership rates, indicative of a stable, long-term residential community.

Property Market (2024)

Houses

  • Median Sale Price: $902,000 (+12.0% annual growth).
  • Median Weekly Rent: $600.
  • Rental Yield: 3.4%.
  • Sales Volume: 167 recorded house sales in the past 12 months.

Units

  • Median Sale Price: $545,000 (+31.3% annual growth).
  • Median Weekly Rent: $525.
  • Rental Yield: 5.0%.

Long-Term Trends (2006–2024)

Murrumba Downs has experienced consistent growth, with the median house price increasing from $329,000 in 2006 to $902,000 in 2024. This represents an average annual growth rate of approximately 7.1%.

Recent Notable Sales

  • 8 Lady Guinevere Circuit: Sold for $1,100,000 (Nov 2024).
  • 16 Ceccato Drive: Sold for $1,050,000 (Nov 2024).
  • 4 Lydford Court: Sold for $1,330,000 (Oct 2024).

Source: Pricefinder, Your Investment Property Magazine.


Education

Murrumba Downs provides access to several quality educational institutions:

  • Primary Schools:
    • Murrumba State Primary School.
  • Secondary Schools:
    • Murrumba State Secondary College.
  • Private Schools:
    • Living Faith Lutheran Primary School.

Source: Queensland Department of Education, Landchecker.


Amenities and Lifestyle

Shopping

  • Murrumba Downs Shopping Centre: Features retail stores, dining options, and essential services.
  • Nearby Options: Westfield North Lakes provides extensive shopping and entertainment facilities.

Parks and Recreation

  • John Oxley Reserve: A local favorite for picnics, walking trails, and nature exploration.
  • Pine River Park: Offers scenic river views and playgrounds.
  • Murrumba Downs Community Centre: Hosts local events and community activities.

Source: Google, Walkscore.


Transport and Accessibility

  • Road Network:
    • Murrumba Downs is connected via Bruce Highway and Anzac Avenue, offering easy access to Brisbane and Sunshine Coast.
  • Public Transport:
    • Murrumba Downs train station and bus routes provide convenient travel options.
  • Walkability:
    • Moderate; most amenities are accessible by car or public transport.

Source: TMR Queensland, Walkscore.


Recent and Planned Developments

  • Residential Expansion: Ongoing development of modern homes and townhouses to accommodate the growing population.
  • Community Investments: Upgrades to parks, schools, and transport infrastructure to enhance livability.

Source: Pricefinder, Your Investment Property Magazine.


Community and Employment

  • Employment Sectors:
    • Dominated by healthcare, retail, education, and professional services.
  • Community Activities:
    • Local markets, cultural festivals, and sports events foster a vibrant community.

Source: ABS, Your Investment Property Magazine.


Key Statistics at a Glance

MetricValue
Population~12,000 (2021 Census).
Median House Price (2024)$902,000.
Median Rent (Houses)$600/week.
Rental Yield (Houses)3.4%.
Median Unit Price (2024)$545,000.
Median Rent (Units)$525/week.
Rental Yield (Units)5.0%.
Notable ParksJohn Oxley Reserve, Pine River Park, Murrumba Downs Community Centre.
Transport AccessBruce Highway, Murrumba Downs Station, bus services.

Conclusion

Murrumba Downs offers an excellent blend of lifestyle, convenience, and investment potential. Its strong property market growth, family-friendly environment, and proximity to Brisbane ensure its appeal for both residents and investors alike.

We hope that you have found City of Moreton Bay – Pine Rivers Urban – Buyer’s Agent Suburb Report: Murrumba Downs, QLD helpful.

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