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Brisbane Buyers Agent First Home Buyer Insights – What’s happening in Morayfield – $48m shopping centre proposed to service huge residential growth area

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As a top Brisbane buyers agent, we’ve always got our finger on the pulse of the Brisbane property market. Check out what’s happening in Morayfield.

A development application has been lodged for a $48 million shopping centre at Morayfield, north of Brisbane.

To be known as Morayfield Marketplace, the three-storey shopping centre at 192 Oakey Flat Road, on the corner of Clark Road, will have a Coles, Liquorland, medical centre, retail and commercial tenancies, as well as a service station on the site.

The first stage of the shopping centre will have around 7000sq m to 8000sq m, with the possibility of extending to 1100sq m of gross floor area in the future.

The shopping centre was originally planned as a smaller neighbourhood centre, but subsequent land acquisitions have seen the proposal extended.

If given the go ahead, the shopping centre is expected to start construction in the first quarter of next year and open in June 2025

If approved the shopping centre will service a fast-growing catchment area, as it is surrounded with plenty of residential growth.

Market Snapshot – Morayfield

Median house price House annual price growth Houses sold over past 12 months Median Unit price Unit annual price  growth Units sold over the past 12 months Population Median age of residents % of renters
$595,000 29.35% 521 $359,400 16.31% 86 24,898 34 43.9%

Source: CoreLogic, ABS 2021 Census

 

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FREE session: “Brisbane Buyers Agent Insight Session”

Imagine being crystal clear on what’s most important to you, so you can buy a property that sets you up best financially and lifestyle-wise. Book a free Brisbane Buyers Agent Insight session today. In this session, we’ll help you get clear on your Buying Brief. We’ll also give you some insight into hot Brisbane property opportunities available right now.

This session is valuable to home buyers, investors, and first home buyers.

You’ll leave our session knowing exactly the type of property you need to grow a strong financial future and property portfolio.

To book your “Brisbane Buyers Agent Insight Session” register at the form to the right of this blog, call 0409 499 034 or email paul@brisbanebuyersagency.com.au