Morayfield suburb profile
Morayfield is a rapidly growing suburb located in the Moreton Bay Region, approximately 44km north of Brisbane's CBD. Known for its family-friendly atmosphere, Morayfield offers a mix of suburban living and rural charm. The suburb is well-served by amenities, including the Morayfield Shopping Centre, schools, and recreational facilities. With easy access to public transport and major highways, Morayfield provides convenient connectivity to Brisbane and the Sunshine Coast. Its blend of affordable housing, community spirit, and expanding infrastructure makes Morayfield an attractive option for families, first-time homebuyers, and investors looking for growth potential.
Morayfield property market performance
Morayfield's property market has experienced significant growth over the past 12 months, with house values increasing by 14.4% and unit values surging by 21.5%. The current median house price stands at $741,000, while the median unit price is $510,000, indicating strong demand across both property types.
Sales activity has been robust, with 148 houses and 18 units sold over the last 12 months. Properties are moving quickly, with houses spending a median of just 14 days on the market and units even less at 10 days, highlighting a competitive market environment.
The rental market in Morayfield has also seen notable increases, with average rents for houses rising by 7.7% and units by 6.7% over the past year. This reflects a strong demand for rental properties in the area.
Median price - houses$745KPast 3 months
Median price - units$510KPast 3 months
Change in value - houses14.3%12 months
Change in value - units20.6%12 months
Houses sold129Past 3 months
Units sold17Past 3 months
Median DOM - houses15Past 12 months
Median DOM - units9Past 12 months
Average rent - houses$563Past 12 months
Average rent - units$480Past 12 months
Change in rent - houses6.1%Past 12 months
Change in rent - units6.7%Past 12 months
Morayfield demographics
Morayfield, located in the Moreton Bay Region of Queensland, is a thriving suburb known for its family-friendly atmosphere and growing community. With a population of 24,898 and a median age of 34, Morayfield is home to a diverse mix of residents, including young families, professionals, and retirees. The suburb's proximity to Brisbane and the Sunshine Coast makes it an attractive location for those seeking a balance between urban convenience and a relaxed lifestyle.
The housing market in Morayfield is varied, with a significant portion of properties being rented, accounting for 45.2% of the housing stock. This high rental rate indicates a demand for flexible living arrangements, appealing to both young families and professionals. Additionally, 34.5% of properties are owned with a mortgage, while 20.3% are owned outright, reflecting a stable and growing community with opportunities for homeownership.
Family dynamics in Morayfield are diverse, with couple families with children making up 38.5% of the population, while couple families without children account for 35.8%. One-parent families represent 24.1%, highlighting the suburb's inclusive and supportive environment for various family structures. The median total household income of $1,442 per week suggests a comfortable standard of living, with residents benefiting from the suburb's amenities, schools, and recreational facilities.
Morayfield infrastructure, key developments and investment opportunities
Morayfield is experiencing significant developments that could impact its property market. The ongoing expansion of Morayfield Shopping Centre, set to add new retail and dining options, is likely to enhance the suburb's appeal and potentially boost nearby property values. Additionally, the recent upgrade of Morayfield State High School has improved local education facilities, which may attract more families to the area.
Infrastructure improvements, such as the planned upgrades to Morayfield Road and the nearby Bruce Highway, aim to enhance connectivity and reduce traffic congestion, potentially increasing property desirability along key routes. The development of new residential estates on the outskirts of Morayfield is expanding housing options while maintaining the suburb's mix of urban convenience and semi-rural charm. These projects, combined with Morayfield's proximity to Brisbane and the Sunshine Coast, are likely to sustain strong demand for properties in the area.
Morayfield rental market trends
The rental market in Morayfield has experienced moderate growth, with house rents increasing by 7.7% over the past year to $560 per week, while unit rents have risen 6.7% to $480 per week. This steady growth reflects the suburb's appeal, driven by its affordability and accessibility, making it an attractive option for both renters and investors.
Suburbs near Morayfield
Some popular suburbs near Morayfield include: