Date Prepared: 22nd November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Mango Hill, situated in the Moreton Bay region, is a thriving suburb known for its modern housing developments, excellent amenities, and family-friendly environment. Its strategic location near North Lakes and Brisbane ensures its popularity among families and professionals seeking a balanced lifestyle.
Demographics
- Population: Approximately 14,500 (2021 Census, ABS).
- Median Age: 34 years, reflecting a young, dynamic, and family-oriented community.
- Dwelling Type: Predominantly standalone houses, with a growing number of townhouses and modern units.
- Ownership: High ownership rates, indicative of long-term residential stability.
Property Market (2024)
Houses
- Median Sale Price: $860,000 (+12.8% annual growth).
- Median Weekly Rent: $620.
- Rental Yield: 3.7%.
- Sales Volume: 175 recorded house sales in the past 12 months.
Units
- Median Sale Price: $525,000 (+14.5% annual growth).
- Median Weekly Rent: $490.
- Rental Yield: 4.8%.
Long-Term Trends (2006–2024)
Mango Hill’s property market has experienced significant growth, with the median house price increasing from $340,000 in 2006 to $860,000 in 2024. This reflects an average annual growth rate of approximately 6.6%.
Recent Notable Sales
- 12 Forest Grove Street: Sold for $990,000 (Nov 2024).
- 3 Mango Hill Boulevard: Sold for $1,050,000 (Nov 2024).
- 18 Jacaranda Avenue: Sold for $915,000 (Oct 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Mango Hill provides access to several quality educational facilities:
- Primary Schools:
- Mango Hill State School.
- Mango Hill State Secondary College.
- Secondary Schools:
- North Lakes State College.
- Private Schools:
- The Lakes College.
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Mango Hill Market Place: Features retail stores, dining options, and essential services.
- Nearby Options: North Lakes Westfield offers extensive retail, dining, and entertainment facilities.
Parks and Recreation
- Capestone Lake: A scenic spot for walking, kayaking, and family picnics.
- Halpine Lake: Offers open spaces, walking trails, and community events.
- Mango Hill Community Centre: Hosts various programs and events for residents.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Mango Hill is well-connected via Bruce Highway, providing easy access to Brisbane and Sunshine Coast.
- Public Transport:
- Mango Hill train station and bus routes offer convenient travel options to Brisbane and surrounding areas.
- Walkability:
- Moderate; local amenities and parks 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 the growing population.
- Community Investments: Enhancements to parks, schools, and public transport infrastructure to support population expansion.
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 leagues strengthen community engagement.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~14,500 (2021 Census). |
| Median House Price (2024) | $860,000. |
| Median Rent (Houses) | $620/week. |
| Rental Yield (Houses) | 3.7%. |
| Median Unit Price (2024) | $525,000. |
| Median Rent (Units) | $490/week. |
| Rental Yield (Units) | 4.8%. |
| Notable Parks | Capestone Lake, Halpine Lake, Mango Hill Community Centre. |
| Transport Access | Bruce Highway, Mango Hill Station, bus services. |
Conclusion
Mango Hill combines modern living, excellent amenities, and consistent property growth. Its family-friendly environment, strategic location, and community-focused lifestyle make it an ideal suburb for residents and investors alike.