Burpengary East growing

Burpengary East: Discover the Gem of Moreton Bay North

So far, 2024 has proven a solid start for Burpengary East home sales, with at least 40 sales (Jan/Feb) and 55 houses available for sale in March. This activity brings the median house price up to $820,000. 

As 2021 and 2022 were such huge growth years for houses here, with 36% and 18% growth respectively, there was a natural lull in 2023. 

In the last 12 months, there was a fairly even spread of house sales across the $600K range (40 sales), $700K range (38 sales) and $800K (35 sales) price range segments – with a lesser number of sales in the $1.0-1.2m (17) and $1.2-1.5m (15) bracket. 

Why do People Flock to Burpengary East?

As the area provides a semi-rural outlook at relatively affordable prices, Burpengary East area is very sought after. With easy access to the Bruce Highway and a planned shopping centre, the demand has not eased this quarter. 

The Moreton Bay Regional Council considers it an Emerging community – Transition precinct, and last year also declared the North Harbour Marina a Priority Development Area.

MBRC says that this North Harbour Marina development will provide “a massive economic and jobs boost” over the next 11 years. The riverine of North Harbour, which has been to date privately owned, will become a boating and recreational area. So, we expect that this growing and transitioning region – including 319 hectares allocated to riverfront parkland – will impact land prices in Burpengary East in general.

Current Burpengary East House Prices

Average rural regional plots are 3035 sqm (3/4 acre), and this fact, when compared with the North Harbour Estate house prices (with smaller lots), makes the median house prices for Burpengary East a little misleading. With 2023 sales ranging from $662,000 to $1.11 million, there are vast differences in property types and sizes. 

Burpengary East House prices

This area is representing the current values rising, albeit slowly, in more affordable locations such as Moreton Bay and Ipswich. (The chart above represents the early April house prices here, which already had to be updated!).

Selling in this area? 

Real Estate Agent Mary-Jane Matthews says that Burpengary East is one of the rare places that have three-quarter-acre blocks proximal to the Bruce Highway. 

With homes taking an average of 42 days on the market, it appears there is always buyer interest in Burpengary East. Mary-Jane is happy to give up-to-date advice on pricing ranges, being a specialist in this locale.  

 

Buying in this area?

Burpengary East (corner of Buckley and Uhlmann Rds) is also the location of a planned $20 million shopping centre planned by Lancini Property Group. The local centre will have a Woolworths supermarket, 12 speciality stores, a plaza, and alfresco dining. As at January 2024, they are doing remediation works at the site. 

Buyers, note that Burpengary East is largely an owner-occupier area, with only 11% being renters. The area is amid a slow change as small subdivisions get approved in parts of the suburb. One of them is the Brolga Lakes development,  with 219 residential lots, open spaces and a new local road. It is based off Old Bay Road and encompasses a series of small lakes, more like dams really. Around 85 percent of the Brolga Lakes Development land area has been set aside as conservation reserve, gardens and community facilities, and restored habitat area. The lots are mixed in size, from 177 sqm to 611 sqm. 

In Burpengary East, there were 488 houses and 68 units listed in January (CoreLogic). We have a listing for a 4-bedroom house on a six-acre block, in Burpengary East

Source: Domain.com.au; Moreton Daily, CoreLogic Australia.