City of Moreton Bay – Pine Rivers Urban – Buyer’s Agent Suburb Report: Albany Creek, QLD
November 23, 2024 | Investment
Date Prepared: 22nd November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Albany Creek, situated in the Moreton Bay region, is a family-friendly suburb known for its lush greenery, excellent schools, and strong community vibe. Its proximity to Brisbane and a mix of modern conveniences make Albany Creek highly sought-after by families and investors alike.
Demographics
- Population: Approximately 15,700 (2021 Census, ABS).
- Median Age: 40 years, reflecting a balanced mix of families and professionals.
- Dwelling Type: Predominantly standalone houses with a selection of modern townhouses.
- Ownership: High ownership rates, indicating a stable and established community.
Property Market (2024)
Houses
- Median Sale Price: $1,042,500 (+13.3% annual growth).
- Median Weekly Rent: $720.
- Rental Yield: 3.7%.
- Sales Volume: 148 house sales in the past 12 months.
Units
- Median Sale Price: $765,000 (+14.2% annual growth).
- Median Weekly Rent: $675.
- Rental Yield: 4.6%.
Long-Term Trends (2006–2024)
Albany Creek has seen substantial growth over the last 18 years. The median house price has increased from $372,500 in 2006 to $1,042,500 in 2024, representing an average annual growth rate of approximately 7.1%.
Recent Notable Sales
- 11 Tinaroo Court: Sold for $1,580,000 (Oct 2024).
- 20 Cowrie Parade: Sold for $1,330,000 (Oct 2024).
- 55 Oakmont Crescent: Sold for $1,625,000 (Oct 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Albany Creek offers access to a variety of quality educational facilities:
- Primary Schools:
- Albany Creek State School.
- Albany Hills State School.
- Secondary Schools:
- Albany Creek State High School.
- Private Schools:
- All Saints Parish School.
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Albany Creek Village: Provides essential services, retail stores, and dining options.
- Nearby Options: Major shopping centres like Westfield Chermside are a short drive away.
Parks and Recreation
- Albany Creek Leisure Centre: Offers swimming, gym facilities, and recreational programs.
- Lemke Park: A community hub with sports fields and picnic spots.
- South Pine River: A popular location for outdoor activities, including kayaking and fishing.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Albany Creek is connected via Albany Creek Road and South Pine Road, offering easy access to Brisbane CBD and the Bruce Highway.
- Public Transport:
- Regular bus services link Albany Creek 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 Growth: Development of modern homes and townhouses to meet growing demand.
- Community Enhancements: Investments in parklands, schools, and public infrastructure.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Dominated by healthcare, education, retail, and professional services.
- Community Activities:
- Local events, sports leagues, and cultural festivals strengthen community ties.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
Metric | Value |
---|---|
Population | ~15,700 (2021 Census). |
Median House Price (2024) | $1,042,500. |
Median Rent (Houses) | $720/week. |
Rental Yield (Houses) | 3.7%. |
Median Unit Price (2024) | $765,000. |
Median Rent (Units) | $675/week. |
Rental Yield (Units) | 4.6%. |
Notable Parks | Albany Creek Leisure Centre, Lemke Park, South Pine River. |
Transport Access | Albany Creek Road, South Pine Road, bus services. |
Conclusion
Albany Creek combines suburban charm with urban convenience, making it an attractive destination for families, professionals, and investors. With its strong community vibe, excellent schools, and consistent property market growth, Albany Creek offers substantial long-term potential.
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