Pine Rivers Urban – Buyer’s Agent Suburb Report: Kallangur, QLD

Kingaroy_Nanago_Hot_Spot_first_called_in_26_09_2024

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


Overview

Kallangur, located in the Moreton Bay region, is a growing suburb known for its family-friendly vibe, excellent transport links, and diverse housing options. Its affordability and proximity to Brisbane make it a popular choice for families, first-home buyers, and investors.


Demographics

  • Population: Approximately 22,000 (2021 Census, ABS).
  • Median Age: 36 years, reflecting a vibrant and family-oriented community.
  • Dwelling Type: Predominantly standalone houses with a mix of townhouses and units.
  • Ownership: High ownership rates, indicative of long-term residential stability.

Property Market (2024)

Houses

  • Median Sale Price: $710,000 (+14.5% annual growth).
  • Median Weekly Rent: $550.
  • Rental Yield: 4.0%.
  • Sales Volume: 325 recorded house sales in the past 12 months.

Units

  • Median Sale Price: $500,000 (+23.5% annual growth).
  • Median Weekly Rent: $490.
  • Rental Yield: 5.1%.

Long-Term Trends (2006–2024)

Over the past 18 years, Kallangur has experienced consistent growth, with the median house price rising from $267,250 in 2006 to $710,000 in 2024. This represents an average annual growth rate of approximately 7.1%.

Recent Notable Sales

  • 12 Alexander Avenue: Sold for $790,000 (Nov 2024).
  • 18 Water Street: Sold for $1,000,000 (Nov 2024).
  • 40 Balstrup Road: Sold for $849,000 (Nov 2024).

Source: Pricefinder, Your Investment Property Magazine.


Education

Kallangur offers access to a variety of quality educational facilities:

  • Primary Schools:
    • Kallangur State School.
  • Secondary Schools:
    • Dakabin State High School.
  • Nearby Private Schools:
    • Living Faith Lutheran Primary School.

Source: Queensland Department of Education, Landchecker.


Amenities and Lifestyle

Shopping

  • Lillybrook Shopping Village: Offers essential retail and dining options.
  • Nearby Options: North Lakes Westfield provides extensive shopping and entertainment facilities.

Parks and Recreation

  • Pine Rivers Park: A popular spot for picnics, playgrounds, and community events.
  • Leis Park: Features walking trails and access to the Pine River.
  • Rob Akers Reserve: A hub for sports and outdoor activities.

Source: Google, Walkscore.


Transport and Accessibility

  • Road Network:
    • Connected via Bruce Highway and Anzac Avenue, providing easy access to Brisbane CBD and Sunshine Coast.
  • Public Transport:
    • Dakabin train station and local bus routes offer regular services to Brisbane.
  • Walkability:
    • Moderate; local amenities are accessible by car or public transport.

Source: TMR Queensland, Walkscore.


Recent and Planned Developments

  • Residential Expansion: Continued development of modern housing estates and units to cater to population growth.
  • Community Investments: Upgrades to schools, parks, 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 events, cultural festivals, and sports programs strengthen community engagement.

Source: ABS, Your Investment Property Magazine.


Key Statistics at a Glance

MetricValue
Population~22,000 (2021 Census).
Median House Price (2024)$710,000.
Median Rent (Houses)$550/week.
Rental Yield (Houses)4.0%.
Median Unit Price (2024)$500,000.
Median Rent (Units)$490/week.
Rental Yield (Units)5.1%.
Notable ParksPine Rivers Park, Leis Park, Rob Akers Reserve.
Transport AccessBruce Highway, Dakabin Station, bus services.

Conclusion

Kallangur offers an affordable and convenient lifestyle with strong property market growth and excellent community amenities. Its family-friendly environment and proximity to Brisbane ensure long-term appeal for residents and investors alike.