Macleay Island suburb profile
Macleay Island is a serene and picturesque island located in Moreton Bay, Queensland, offering a tranquil lifestyle surrounded by natural beauty. Known for its relaxed atmosphere and friendly community, the island is a haven for those seeking a peaceful retreat from the hustle and bustle of city life. With its stunning waterfront views, sandy beaches, and abundant wildlife, Macleay Island attracts nature lovers and retirees. The island provides essential amenities, including shops, cafes, and a golf course, while regular ferry services connect residents to the mainland. Its unique charm and laid-back vibe make Macleay Island an appealing destination for those looking to enjoy a slower pace of life.
Macleay Island property market performance
Macleay Island's property market has shown robust growth over the past 12 months, with house values increasing by 11%, bringing the median house price to $490,000. The unit market remains largely inactive, with no significant sales or price changes recorded. Over the past three months, 43 houses were sold, while only one unit transaction took place, highlighting a strong preference for houses in the area.
Houses on Macleay Island are taking longer to sell, with a median of 85 days on the market, indicating a slower pace in buyer decision-making. The unit market's inactivity is reflected in the absence of median days on market data.
The rental market for houses has seen a notable increase, with average rents rising by 8.3% to $455 over the last 12 months. The unit rental market remains stagnant, with no recorded changes in rent prices, underscoring the limited activity in this segment.
Median price - houses$513KPast 3 months
Median price - units$0Past 3 months
Change in value - houses19.1%12 months
Change in value - unitsN/A12 months
Houses sold38Past 3 months
Units sold1Past 3 months
Median DOM - houses73Past 12 months
Median DOM - unitsN/APast 12 months
Average rent - housesN/APast 12 months
Average rent - unitsN/APast 12 months
Change in rent - houses12.2%Past 12 months
Change in rent - unitsN/APast 12 months
Macleay Island demographics
Macleay Island, located in Queensland's Moreton Bay, offers a serene and picturesque lifestyle, attracting a predominantly older population. With a median age of 62, the island is a haven for retirees and those seeking a peaceful retreat away from the hustle and bustle of city life. The island's natural beauty, combined with its relaxed atmosphere, makes it an ideal location for those looking to enjoy their golden years in tranquility.
The community on Macleay Island is characterized by a high percentage of couple families without children, accounting for 64.5% of the population. This demographic trend is indicative of the island's appeal to empty nesters and retirees. The median total household income is $755 per week, reflecting the island's laid-back lifestyle and the prevalence of retirees who may rely on fixed incomes.
Property ownership on Macleay Island is predominantly outright, with 53.3% of homes owned without a mortgage. This high rate of outright ownership underscores the stability and long-term commitment of residents to the island. Additionally, 23.9% of properties are owned with a mortgage, while 22.9% are rented, offering a mix of housing options for those considering a move to this idyllic location. The island's community spirit, combined with its natural charm, makes Macleay Island a unique and appealing place to call home.
Macleay Island infrastructure, key developments and investment opportunities
Macleay Island is experiencing several developments that could impact its property market. The Macleay Island Foreshore Project, set to be completed in 2024, aims to enhance public spaces and improve accessibility along the waterfront, potentially increasing property values in nearby areas. Additionally, upgrades to the island's ferry terminal and parking facilities are underway, which could boost connectivity and attract more residents and visitors.
The island's growing arts community and recent investments in local galleries and studios are enhancing its cultural appeal. This, combined with ongoing improvements to essential services like healthcare and education, is likely to sustain demand for properties. While no major commercial developments have been announced, the steady population growth and increasing interest in island living post-pandemic may drive future infrastructure projects, potentially influencing long-term property values and desirability on Macleay Island.
Macleay Island rental market trends
The rental market on Macleay Island has experienced growth, with house rents increasing by 8.3% over the past year to $455 per week. However, there is no data available for unit rents, indicating a limited or non-existent unit rental market. Macleay Island offers a unique lifestyle, attracting those seeking a tranquil environment with potential for future development.
Suburbs near Macleay Island
Some popular suburbs near Macleay Island include: