Petrie suburb profile
Petrie is a charming suburb located in the Moreton Bay Region, approximately 24km north of Brisbane's CBD. Known for its family-friendly atmosphere, Petrie offers a mix of suburban tranquility and convenient amenities. The suburb is home to the University of the Sunshine Coast's Moreton Bay campus, adding an educational hub to the area. Petrie is well-served by public transport, including a train station, making commuting to Brisbane easy. With its scenic parks, local shops, and community events, Petrie provides a welcoming environment for families, students, and professionals seeking a balanced lifestyle.
Petrie property market performance
Petrie's property market has experienced significant growth over the past 12 months, with house values increasing by 21.7% and unit values rising by 18.8%. The median house price has reached $869,500, while the median unit price stands at $441,250, indicating strong demand in the area.
Sales activity has been robust, with 28 houses and 3 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of just 11 days on the market and units even faster at 6 days, highlighting the competitive nature of the market.
The rental market in Petrie has also seen notable increases, with house rents rising by 5.5% and unit rents by 7.8% over the last 12 months. The average rent for houses is now $580, while units average $485, reflecting the area's growing appeal to renters.
Median price - houses$870KPast 3 months
Median price - units$441KPast 3 months
Change in value - houses21.7%12 months
Change in value - units18.8%12 months
Houses sold28Past 3 months
Units sold3Past 3 months
Median DOM - houses11Past 12 months
Median DOM - units6Past 12 months
Average rent - houses$580Past 12 months
Average rent - units$485Past 12 months
Change in rent - houses5.5%Past 12 months
Change in rent - units7.8%Past 12 months
Petrie demographics
Petrie, located in the Moreton Bay Region of Queensland, is a suburb that offers a blend of suburban tranquility and convenient access to urban amenities. With a population of 8,722 and a median age of 38, Petrie is home to a diverse community that includes families, professionals, and retirees. The suburb's family-friendly environment is evident, with 44.3% of households being couple families with children, making it an attractive location for those seeking a nurturing environment for raising a family.
The housing landscape in Petrie is characterized by a significant proportion of home ownership, with 25.6% of properties owned outright and 44.1% owned with a mortgage. This indicates a stable community with a strong sense of investment in the area. Additionally, 30.3% of properties are rented, providing options for those who prefer flexibility or are new to the area. The median total household income of $1,853 per week reflects a comfortable standard of living for residents.
Petrie's appeal is further enhanced by its proximity to natural attractions and educational facilities, including the University of the Sunshine Coast's Moreton Bay campus. The suburb's mix of couple families without children (37.4%) and one-parent families (17.1%) adds to its diverse demographic profile, fostering a community that is both inclusive and supportive. With its combination of lifestyle, education, and community spirit, Petrie is a suburb that offers a balanced and fulfilling way of life.
Petrie infrastructure, key developments and investment opportunities
Petrie is undergoing significant developments that are set to impact its property market. The establishment of the University of the Sunshine Coast's Moreton Bay campus on the former Amcor Paper Mill site is a major boost for the area, potentially attracting students and increasing demand for housing. This development is likely to stimulate local businesses and create job opportunities, enhancing the suburb's appeal to investors and homebuyers alike.
Infrastructure improvements are also underway, with upgrades to the Petrie railway station enhancing connectivity to Brisbane and surrounding areas. The ongoing development of new housing estates on former pine plantation land is expanding residential options in the suburb. These changes, combined with Petrie's existing amenities such as schools, parks, and proximity to the North Pine River, are likely to contribute to sustained growth in property values and increased interest in the area.
Petrie rental market trends
The rental market in Petrie has experienced moderate growth, with house rents increasing by 5.5% over the past year to $580 per week, while unit rents have risen by 7.8% to $485 per week. With its strategic location and ongoing development, Petrie continues to attract renters and investors seeking a balance of affordability and potential growth.
Suburbs near Petrie
Some popular suburbs near Petrie include: