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
| Metric | Value |
|---|---|
| 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 Parks | John Oxley Reserve, Pine River Park, Murrumba Downs Community Centre. |
| Transport Access | Bruce 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.