Burpengary, part of the Moreton Bay Regional Council, is a growing community located within the northern urban expansion corridor between the master planned community of North Lakes and the long established regional centre of Caboolture.
Burpengary is well located being an equal distance (35km) between Brisbane and the Sunshine Coast, only a 40 minute commute to the Brisbane CBD.
The resident population of Moreton Bay Regional Council at 30 June 2011 was 389,661 persons, experiencing above average annual growth of 3.2% when compared to the 1.4% average increase throughout Australia.
Moreton Bay Regional Council currently ranks as the third largest local government area by population on both a state and national level.
From 2001 to 2011 the population of the Burpengary/Narangba (SLA) increased from 17,475 to 26,978 equating to a growth rate of 5.4% per annum over the 10 year period. This rate of population increase is more than double the 2.1% per annum experienced across Queensland.
Immediate access to the six-lane Bruce Highway M1 motorway and a number of arterial roads making the areas of Bribie Island, Deception Bay, Redcliffe, North Lakes and the wider South-East easily accessible. Both the Brisbane Domestic and International Airports and the Port of Brisbane are located within 20 minutes’ drive.
The Burpengary Railway Station is serviced by the Caboolture line which operates regular Citytrain services to Brisbane, Ipswich, Caboolture and the Sunshine Coast. Railway travel is around 45 minutes between Burpengary Railway Station and Brisbane Central Railway Station. During peak times, trains convey passengers between the CBD and Caboolture in just under 50 minutes.
The State Government and local Council have committed over $405 million to build the Moreton Bay Rail Link project – a 12.6 kilometre rail line between Burpengary and Caboolture.
The South East Queensland Regional Plan 2009-2031 now indicates that Moreton Bay Regional Council area can expect to accommodate an additional 84,000 new dwellings to 2031.
In a jointly funded project, the Moreton Bay Regional Council alongside the Queensland Government have put together a 20 year ‘Master Plan’, this plan aims to implement land use and infrastructure strategies to guide Caboolture – Morayfield into an innovative regional centre.
Councils 2012/2013 budget puts a large focus on maintenance and the improvement of roads and key transport infrastructure, with a 25% increase in the budgetary allowance to $131.3 million.
More than 95 schools operate throughout the Region including 60 primary schools and 31 high schools, tertiary institutions of QUT (Caboolture Campus) and North Point Institute of TAFE are also within close proximity.
The local community has a vast array to choose from in terms of retail amenity most of which is focused around the Burpengary shopping precinct which is home to Coles Supermarkets, Woolworths, Aldi and a large number of specialty stores.
Westfield North Lakes is located within a ten minute commute from Burpengary and contains major retailers Myer, Coles, Woolworths, Aldi, Target, Big W, Dan Murphy, Best & Less and 205 specialty stores. Westfield North Lakes has a strong family focus and contains two children’s play areas and five parent’s rooms.
Over the past ten years the median price of a detached house in Burpengary has grown by a strong average rate of 7% per annum with the median price for a detached house in 2012 reaching $323,250.
The median price of a vacant block of land in Burpengary, at the time of this research had reached $207,900 representing an average price growth of an impressive 11% per annum since 2003.
The most recent data for rental vacancy rates in Burpengary made available by Australian Property Monitors show a further strengthening of demand for houses in the suburb over the past 12 months with vacancies dropping from 2.8% in 2011 to just 1.7%. The current gross rental yield for Burpengary as published by the Australian Property Monitor’s is at 5.5%.