AF­FORD­ABIL­ITY FO­CUS

HOUS­ING UN­DER­PINS THE EVOLV­ING POP­U­LAR­ITY OF THE MORE­TON BAY RE­GION, BUT OTHER FAC­TORS SUCH AS IN­FRAS­TRUC­TURE AND ED­U­CA­TION ARE IN­CREAS­INGLY COM­ING INTO PLAY, WRITES EMILY BLACK

The Courier-Mail - Home - - SPOTLIGHT ON MORETON BAY -

Hous­ing af­ford­abil­ity is key to the suc­cess of the More­ton Bay re­gion.

That’s ac­cord­ing to Risk­wise CEO Doron Pe­leg, who said a cur­rent me­dian price of $477,269 for houses and $321,466 for units meant that More­ton Bay hous­ing was a good op­tion.

“They have demon­strated af­ford­abil­ity as com­pared to greater Bris­bane, which has a me­dian house price of $537,843 and for units $385,475,” he said.

Mr Pe­leg said data from CoreLogic iden­ti­fied Wights Moun­tain, Mount Mee, Draper, God­win Beach and Mel­dale as be­ing the strong­est cap­i­tal growth per­form­ers dur­ing a five-year pe­riod.

“(We’re see­ing) hous­ing af­ford­abil­ity and over­all in­creased de­mand for the en­tire More­ton Bay area, and par­tic­u­larly to these sub­urbs,” he said.

Mr Pe­leg said houses had en­joyed a “healthy” cap­i­tal growth of 23 per cent dur­ing the past five years.

“While 23 per cent is con­sid­ered a good and healthy cap­i­tal growth, this is not the out­stand­ing 80 per cent plus that we saw in five years in Syd­ney,” he said.

“This healthy growth is driven by an in­creased de­mand for houses in the area.

“Put sim­ply, ev­ery year peo­ple are will­ing to pay a lit­tle bit more, as they see the prices de­liver re­ally good value, par­tic­u­larly when you’re con­sid­er­ing what they get: a free­stand­ing house, very af­ford­able val­ues, im­proved area and ac­cess to Bris­bane CBD.”

Among the long list of new in­fras­truc­ture in the area is the More­ton Day Hos­pi­tal, which opened in Au­gust 2018.

Queens­land Health Min­is­ter Steven Miles said the new $5 mil­lion pri­vate hos­pi­tal was a fan­tas­tic ad­di­tion to the flour­ish­ing re­gion.

“By cre­at­ing high-qual­ity health ser­vices right here in North Lakes, res­i­dents can re­ceive their care closer to home with­out hav­ing to travel into Bris­bane city,” Mr Miles said.

MODE De­sign prin­ci­pal Peter Ber­tram said they had worked closely with More­ton Eye Group to de­liver its new state-of-the-art fa­cil­ity.

“Part of the de­sign in­cluded two new sur­gi­cal the­atres, ad­di­tional con­sult rooms for their clinic side, staff ameni­ties, CSSD and re­cov­ery rooms,” Mr Ber­tram said.

MODE De­sign is also in­volved with the lat­est Queens­land Rail Sta­tion Ac­ces­si­bil­ity up­grades to Strath­pine and Mo­ray­field train sta­tions.

MODE De­sign in­fras­truc­ture team leader and ar­chi­tect Tanya Golitschenko said they were ex­cited to be work­ing with John Hol­land, MPN and DMA en­gi­neers on the project. Ms Golitschenko said the project fo­cused on de­liv­er­ing safety and ac­ces­si­bil­ity and would pro­vide cus­tomers with a step-free path of travel through the sta­tion precincts.

“This project is be­ing de­liv­ered as part of the Queens­land Gov­ern­ment’s $300 mil­lion sta­tion up­grade pro­gram, which aims to achieve in­de­pen­dent ac­ces­si­bil­ity, mean­ing that all train plat­forms can be ac­cessed in­de­pen­dently via paths, ramps or lifts, with­out the need to use stairs,” she said.

Works at Mo­ray­field sta­tion will be­gin be­fore the end of the year.

Ed­u­ca­tion fa­cil­i­ties in the area are also be­ing stepped up, with the foun­da­tion build­ing of the Uni­ver­sity of the Sun­shine Coast’s new cam­pus at Petrie start­ing to take shape.

Builder Hansen Yuncken be­gan pil­ing works on Septem­ber 20 for the first stage – a three-storey build­ing with more than 16,000sq m of floor space.

The foun­da­tion build­ing will in­clude a lec­ture theatre, mul­ti­pur­pose rooms and an open au­di­to­rium suit­able for com­mu­nity events. USC More­ton Bay is planned to open in time for Se­mes­ter 1, 2020.

The first in­take of stu­dents, ex­pected to be as many as 1200,will be able to make a choice of al­most 50 study pro­grams, in­clud­ing busi­ness, ed­u­ca­tion and com­puter sci­ence.

USC vice-chan­cel­lor Pro­fes­sor Greg Hill said it was thrilling to see USC More­ton Bay be­gin to take shape as the cam­pus would be a game-changer for the re­gion, of­fer­ing lo­cal res­i­dents un­prece­dented ac­cess to ter­tiary ed­u­ca­tion.

“More­ton Bay is one of Queens­land’s fastest-grow­ing re­gions, but has been the only re­gion of its size in Aus­tralia with­out its own full-ser­vice uni­ver­sity cam­pus,” Mr Hill said.

More­ton Bay Re­gional Mayor Al­lan Suther­land said the start of work on the cam­pus was his­tory in the mak­ing.

“There’s been a lot of talk about how this project will change our com­mu­ni­ties, econ­omy and ed­u­ca­tional out­comes,” Mr Suther­land said.

Even the pub­lic schools are keep­ing up with those in Bris­bane City.

Ac­cord­ing to Bet­ter Ed­u­ca­tion, Al­bany Creek State High School was named as one of Bris­bane’s best-per­form­ing state high schools. It is an im­por­tant gong, with many par­ents bas­ing their house buy­ing de­ci­sions around pre­ferred school catch­ments, with many de­vel­op­ers us­ing prox­im­ity to a top per­former as a sell­ing point.

Villa World re­cently fast-tracked con­struc­tion of its $200 mil­lion master­planned com­mu­nity The Mead­ows at Strath­pine. Sup­plied.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.