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

November 24, 2024 |

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Date Prepared: 24th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).


Overview

Dakabin, located in the Moreton Bay region, is a suburb undergoing significant growth and transformation. With its strong community feel, modern amenities, and proximity to Brisbane, Dakabin is a sought-after location for families and investors.


Demographics

  • Population: Approximately 5,000 (2021 Census, ABS).
  • Median Age: 33 years, reflecting a youthful and family-oriented community.
  • Dwelling Type: Primarily standalone houses with some modern townhouses.
  • Ownership: High ownership rates, indicative of long-term residential stability.

Property Market (2024)

Houses

  • Median Sale Price: $778,000 (+16.2% annual growth).
  • Median Weekly Rent: $600.
  • Rental Yield: 4.0%.
  • Sales Volume: 62 recorded house sales in the past 12 months.

Units

  • Median Sale Price: $505,000 (+18.8% annual growth).
  • Median Weekly Rent: $520.
  • Rental Yield: 5.4%.

Long-Term Trends (2006–2024)

Dakabin’s housing market has shown robust growth, with the median house price increasing from $345,000 in 2006 to $778,000 in 2024. This represents an average annual growth rate of approximately 6.5%.

Recent Notable Sales

  • 29 Oxford Street: Sold for $1,100,000 (Nov 2024).
  • 42 Lorikeet Parade: Sold for $1,150,000 (Nov 2024).
  • 12 Honeyeater Crescent: Sold for $890,000 (Oct 2024).

Source: Pricefinder, Your Investment Property Magazine.


Education

Dakabin offers access to several quality educational institutions:

  • Primary Schools:
    • Dakabin State School.
  • Secondary Schools:
    • Dakabin State High School.
  • Private Schools:
    • Northpine Christian College.

Source: Queensland Department of Education, Landchecker.


Amenities and Lifestyle

Shopping

  • Dakabin Shopping Hub: Features local retail and dining options.
  • Nearby Options: Westfield North Lakes offers extensive shopping and entertainment facilities.

Parks and Recreation

  • Lake Kurwongbah: A serene spot for picnics, fishing, and kayaking.
  • Dakabin Conservation Park: Offers walking trails and opportunities to explore native wildlife.
  • Pine Rivers Park: A short drive away, featuring family-friendly amenities and event spaces.

Source: Google, Walkscore.


Transport and Accessibility

  • Road Network:
    • Dakabin is connected via the Bruce Highway, providing direct access to Brisbane CBD and Sunshine Coast.
  • Public Transport:
    • Dakabin train station offers regular services to Brisbane and surrounding areas.
  • Walkability:
    • Moderate; most amenities are accessible by car or public transport.

Source: TMR Queensland, Walkscore.


Recent and Planned Developments

  • Residential Growth: Continued development of modern housing estates and apartments to cater to a growing population.
  • Community Investments: Upgrades to local parks, schools, and public transport infrastructure.

Source: Pricefinder, Your Investment Property Magazine.


Community and Employment

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

Source: ABS, Your Investment Property Magazine.


Key Statistics at a Glance

MetricValue
Population~5,000 (2021 Census).
Median House Price (2024)$778,000.
Median Rent (Houses)$600/week.
Rental Yield (Houses)4.0%.
Median Unit Price (2024)$505,000.
Median Rent (Units)$520/week.
Rental Yield (Units)5.4%.
Notable ParksLake Kurwongbah, Dakabin Conservation Park, Pine Rivers Park.
Transport AccessBruce Highway, Dakabin Station, bus services.

Conclusion

Dakabin offers an excellent mix of natural beauty, convenience, and property market growth. Its proximity to Brisbane, family-friendly environment, and strong community ties make it a standout suburb for residents and investors alike.

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

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