The North Moreton Region has grown in appeal in recent years, with the development of North Lakes and growing demand from local business leading to increased owner-occupier sales volumes and limited quality vacancies. The result is a continuing trend of strengthening rent rates, improving capital values and reducing yields.
This region consists of the Northern portion of the Moreton Bay local government area and includes the suburbs from North Lakes in the South through to Caboolture/Morayfield to the north and includes areas such as Deception Bay/Narangba and Redcliff including Clontarf and Kippa-Ring.
The number of transactions has been growing for Industrial premises over the last few years after 2015 saw a dip in market activity resulting in just $35.278 million changing hands across 23 transactions. Many owners looked to hold assets during this time of low interest rates as other investment options did not yield the same level of return, resulting in a limited pool of stock on the market. Despite this limited stock, the investor group continued to grow locally with owner occupiers and investors looking to diversify from the shrinking residential yields. This resulted in 2016 growing the number of sales to 32 totalling close to $50million in sales. During 2017 we have seen some improvement in stock levels with many owners realising value increases in their property. This has seen 21 sales through to August with a value already in excess of what was recorded last year at $54.928million.