Get a property report and suburb profile for any property in Petrie

Petrie is a riverside suburb in the Moreton Bay region with a village atmosphere centred on its railway station. Tree-lined streets mix older weatherboard cottages and modern brick homes, with some larger, low-density lots near the river. The area is popular with families and people who commute, drawn to riverside parks, walking and cycling paths and the local shops and cafés in the village centre. Regular train and bus services and north-south road links make day-to-day travel straightforward.

Petrie is home to 8,722 people with a median age of 38, and most dwellings are owner-occupied (69.7%). Couple families, with and without children, make up just over four in five families. The suburb sits at the centre of the Moreton Bay Central precinct, where the university campus is established and the Moreton Bay Indoor Sports Centre is confirmed as a Brisbane Games venue. A new lakefront walking circuit and water-play precinct has opened and precinct planning plus station and road upgrades are under way.

Housing costs in Petrie look different for buyers and renters. A median house price of $975,000 works out to about 10.1 times a typical local annual household income at the last Census, so buying a house sits well above what people locally earned at that time.

Renting is less stretched by comparison: a house rent of $630 a week would take about 34.0% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $525 a week is about 28.3% of weekly household income, a moderate share. Which of those feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The standout in Petrie over the past 12 months is unit rents, which climbed 29.6%. If rental income is your priority, that is the figure that matters. Unit values also rose strongly, up 17.6%, so rents on units increased faster than their capital growth this year. Houses showed a different pattern: house values rose 13.9% while house rents increased 8.6%, meaning house prices grew more than the rent they earn over the same period.

Those movements describe the last year in Petrie; whether that mix of stronger unit rent growth versus solid house and unit price gains fits your investment aims depends on your objectives and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.