Moreton Bay Property Market Update Q1 2025
The Moreton Bay property market has started 2025 with continued momentum, building on the strong growth trajectory established through 2024. Across the region, median house prices have risen by 5.8% year-on-year, outperforming the Greater Brisbane average of 4.2%. Low stock levels, sustained population growth, and improving infrastructure continue to underpin demand across the northern corridor. Here's a detailed look at the key trends shaping the market in Q1 2025.
Price Performance by Suburb
North Lakes remains the standout performer with a median house price of $785,000, reflecting 7.2% annual growth driven by strong demand from owner-occupiers and limited available stock. Narangba has also delivered impressive results, with its median reaching $720,000 on the back of 6.1% growth. At the more affordable end of the market, Caboolture ($575,000) and Deception Bay ($580,000) continue to attract first home buyers and investors, with annual growth rates of 4.5% and 5.5% respectively. Morayfield and Burpengary sit in the middle ground, offering solid growth potential with medians of $600,000 and $650,000.
Rental Market Snapshot
The rental market across Moreton Bay remains exceptionally tight, with vacancy rates sitting at just 1.1% across the region — well below the 2.5% threshold considered a balanced market. This has driven significant rental price increases, with median weekly rents for houses rising 8% to 12% over the past 12 months. North Lakes leads with a median house rent of $630 per week, while Caboolture offers the region's most affordable rental options at $480 per week. Investor interest is growing as yields in suburbs like Caboolture and Morayfield reach 4.2% to 4.5% gross, offering compelling returns compared to inner-city alternatives.
Market Outlook
- Continued population growth of 2.5% annually is expected to sustain housing demand through 2025
- The Bruce Highway upgrade and improved public transport will enhance connectivity and support property values
- New housing supply in estates across Caboolture, Morayfield, and Burpengary will help ease pressure on prices in those areas
- Interest rate stability is expected to support buyer confidence and borrowing capacity through mid-2025
- Investor activity is forecast to increase as rental yields in the region attract attention from interstate and local investors
Overall, the Moreton Bay property market is in a strong position heading into the second quarter of 2025. Buyers should expect continued competition for quality listings, particularly in premium suburbs like North Lakes and Narangba. For sellers, market conditions remain favourable with well-priced properties continuing to attract multiple offers. Investors looking for a combination of yield and growth will find the northern corridor increasingly difficult to overlook.