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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:

Common questions about Morayfield

  • Is Morayfield a nice place to live?

    Morayfield is a delightful suburb that offers a wonderful blend of suburban living and rural charm, making it a fantastic place to call home. Known for its welcoming and family-friendly atmosphere, Morayfield is a thriving community that caters to a diverse range of residents, from young families to retirees. The suburb's relaxed vibe is complemented by its proximity to both Brisbane and the Sunshine Coast, providing residents with the perfect balance of urban convenience and a laid-back lifestyle.

    Families will find Morayfield particularly appealing due to its excellent amenities, including a variety of schools, parks, and recreational facilities. The Morayfield Shopping Centre is a central hub for shopping and dining, ensuring that all your daily needs are met without having to travel far. The suburb's connectivity is another highlight, with easy access to public transport and major highways, making commuting to Brisbane or exploring the Sunshine Coast a breeze.

    Safety is generally not a major concern in Morayfield, and the community spirit is strong, fostering a supportive environment for families of all shapes and sizes. However, as with any rapidly growing suburb, residents may experience some trade-offs, such as ongoing construction and development projects that could lead to temporary disruptions. Despite this, the expanding infrastructure and new residential estates promise to enhance the suburb's appeal and provide more housing options for those looking to settle in the area.

    Overall, Morayfield is a charming suburb that offers a comfortable and convenient lifestyle, making it an attractive option for families and individuals seeking a vibrant community with plenty of amenities and easy access to both city and coastal attractions.

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  • Is it expensive to live in Morayfield?

    Living in Morayfield is moderately priced compared to other suburbs in Queensland. The current median house price is around $741,000, which is relatively affordable when compared to the more expensive suburbs closer to Brisbane's city center. For those considering units, the median price is $510,000, offering a more budget-friendly option for potential buyers.

    When it comes to renting, the average rent for houses is $560 per week, while units average at $480 per week. These rental prices are quite reasonable, especially when considering the average wage in Morayfield is approximately $85,000 per year. This income level is fairly comparable to the average earnings across Queensland, suggesting that housing costs in Morayfield are manageable for many residents.

    Overall, Morayfield offers a balance of affordability and convenience, making it an attractive option for those looking to live within reach of Brisbane without the hefty price tag associated with inner-city living. If you're thinking of living in Morayfield, it's worth considering the area's cost of living, which aligns well with the average income, providing a comfortable lifestyle for many families and individuals.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Morayfield a good place to invest?

    Morayfield is showing promising signs as a good place to invest, especially with its recent impressive growth in property values. Over the past 12 months, the suburb has seen a substantial increase in median house values by 14.4% and an even more significant rise in unit values by 21.5%. This indicates a strong demand for properties in the area, making it an attractive option for investors looking for capital growth.

    In addition to property value increases, rental yields in Morayfield have also been on the rise. House rents have grown by 7.7%, and unit rents have increased by 6.7% over the past year. This suggests a healthy rental market, providing investors with the potential for steady rental income. The combination of rising property values and rental yields makes Morayfield a suburb worth considering for those looking to invest in real estate.

    Overall, Morayfield offers a compelling investment opportunity with its strong growth in both property values and rental returns. Its recent performance suggests that it could continue to be a desirable location for both buyers and renters, making it a solid choice for investors seeking both capital appreciation and rental income.

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