Date Prepared: 22nd November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Petrie, located in the Moreton Bay region, is a charming suburb known for its family-friendly atmosphere, strong community ties, and excellent access to amenities. Its proximity to Brisbane and the Sunshine Coast makes it a highly desirable area for families, professionals, and investors.
Demographics
- Population: Approximately 8,000 (2021 Census, ABS).
- Median Age: 36 years, reflecting a vibrant, family-oriented community.
- Dwelling Type: Predominantly standalone houses with a mix of units and modern townhouses.
- Ownership: High ownership rates, indicative of long-term residential stability.
Property Market (2024)
Houses
- Median Sale Price: $812,000 (+16.8% annual growth).
- Median Weekly Rent: $545.
- Rental Yield: 3.6%.
- Sales Volume: 137 recorded house sales in the past 12 months.
Units
- Median Sale Price: $465,000 (+16.2% annual growth).
- Median Weekly Rent: $445.
- Rental Yield: 5.0%.
Long-Term Trends (2006–2024)
Petrie has shown steady growth, with the median house price increasing from $280,000 in 2006 to $812,000 in 2024. This represents an average annual growth rate of approximately 7.3%.
Recent Notable Sales
- 16 Vaucluse Crescent: Sold for $890,000 (Oct 2024).
- 29 Eyre Avenue: Sold for $1,020,000 (Oct 2024).
- 14 Wallers Court: Sold for $1,920,000 (Oct 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Petrie provides access to several quality educational institutions:
- Primary Schools:
- Petrie State School.
- Secondary Schools:
- Pine Rivers State High School.
- Nearby Private Schools:
- St. Benedict’s College (in Mango Hill).
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Petrie Village Shopping Centre: Features essential retail and dining options.
- Nearby Options: Strathpine Centre and North Lakes Westfield offer extensive retail facilities.
Parks and Recreation
- Pine Rivers Park: A local favorite for family picnics, playgrounds, and walking trails.
- Sweeney Reserve: Offers sports facilities, scenic walking paths, and picnic spots.
- Lake Kurwongbah: A serene location for kayaking, fishing, and relaxation.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Connected via Anzac Avenue and Gympie Road, offering easy access to Brisbane CBD and Sunshine Coast.
- Public Transport:
- Petrie train station provides regular services to Brisbane and surrounding suburbs.
- Walkability:
- Moderate; most amenities are accessible by car or public transport.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Residential Expansion: Growth in townhouse developments to cater to increasing demand.
- University Presence: The Moreton Bay Campus of the University of the Sunshine Coast is a significant addition to the area, attracting students and boosting local economy.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Dominated by healthcare, education, retail, and construction industries.
- Community Activities:
- Local festivals, markets, and sports events foster strong neighborhood ties.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~8,000 (2021 Census). |
| Median House Price (2024) | $812,000. |
| Median Rent (Houses) | $545/week. |
| Rental Yield (Houses) | 3.6%. |
| Median Unit Price (2024) | $465,000. |
| Median Rent (Units) | $445/week. |
| Rental Yield (Units) | 5.0%. |
| Notable Parks | Pine Rivers Park, Sweeney Reserve, Lake Kurwongbah. |
| Transport Access | Anzac Avenue, Petrie Station, bus services. |
Conclusion
Petrie offers a strong mix of suburban charm, modern conveniences, and excellent investment potential. With its steady property growth, family-friendly amenities, and proximity to Brisbane, Petrie is an ideal location for residents and investors alike.