IF YOU judge a suburb by the quality of the businesses it attracts, then North Lakes has to be one of the most successful Queensland developments in recent years.
After originally being a locale of Mango Hill, North Lakes, following extensive housing and commercial development, has emerged in its own right since it was given suburb status in 2006.
Its appeal has been magnetic for both commercial entities and residents with more than 21,000 people now calling North Lakes home, according to the latest ABS Census.
It’s a 40 percent population spike on the 2011 ABS data when the Moreton Bay Regional Council suburb contained 15,000 residents.
The place is bursting at the seams, says local RE/MAX real estate agent Mark White.
“There are a couple of little pockets they are finishing off but the North Lakes footprint is almost finished from a residential perspective,” Mr. White said. “It’s almost full.”
For those who have set-up home in North Lakes, some 26km north of the CBD, there’s little need to venture beyond the suburb’s boundaries for entertainment and shopping.
There’s an enormous Westfield Shopping complex just off the Bruce Highway which opened in 2003 and has more than 4900 car park and 80 specialty shops.
The complex is complemented by warehouse merchandiser Costco and Swedish furniture giant IKEA – only the second built in Queensland – within close proximity.
“The only Costco in Queensland is in North Lakes and the second IKEA is in North Lakes which show how much of a success this development has been,” he said.
“For a long time and still may be, it was the fastest growing area in Australia.
“For the size, a number of people and the desirability of it, it’s a real lifestyle destination.”
The suburb’s appeal is about further enhanced by a $250 million commercial and lifestyle precinct to be developed by the team behind Fortitude Valley’s James Street and Southport’s Brickwork developments.
Laguna North Lakes will sit opposite Westfield and contain a 140-room hotel, trendy dining laneways, a tavern and office tower.
The recent announcement comes a year after the opening of Redcliffe Peninsula railway line.
“There is a series of railway stations in a short distance of each other and it’s about 70 minutes to the city,” Mr. White said.
“The residents have been quite excited that the railway line, IKEA and the movie theatre (at Westfield) all opened in the past 12 months.”
North Lakes contains 7649 dwellings and its population is very much a mix of Commonwealth countries.
According to the ABS, the most spoken language outside of English is Afrikaans while New Zealand born residents make-up 8.3 percent of the local population followed by Brits (7.1 percent).
Yet, according to Daniel Pennisi, a third-generation greengrocer who co-owns The Fruit and Deli Co. at Westfield, there’s another migrant group that’s not transparent in the ABS data.
“There is a strong South African influence but we are seeing a strong South American influence, not necessarily in North Lakes but from surrounding areas as well who we cater for,” he said.
“We have a large South American range including Arepa, which is like a corn tortilla and it’s part of their diet … we have five types of that.”
The Fruit and Deli Co. will celebrate its second birthday at North Lakes in November and Mr. Pennisi said the opening of the railway station was the missing link for the suburb.
“We found a lot of our customers work in the city but live here and the opening of the railway line was a big, big boost for them,” he said.
While the shopping center certainly has put the suburb on the map, the area has a lot more to offer.
It’s within close proximity of the Redcliffe Peninsula and within an hour’s drive to the Sunshine Coast and 40 minutes to Brisbane.
It has a strong businesses hub, a council library, leisure center and pool within the vicinity of the shopping center and the suburb’s centerpiece is Lake Eden which has a 10,000 step walking track, cafe, barbecue and playground area.
Positioned within a stone’s skimming throw of the lake are North Lakes State College and The Lakes College.
Opposite the State College is Told You So cafe which has been operating for 18 months.
Owner Anna Lumsden said the many of her customers were families and students and she chose the location based on the size of the ever-growing population.
“There are definitely lots of young families and uni students but it’s a lot more affordable for people to live out here too,” she said.
“We chose here because of lots of people living in a small area and there some major drawcards in the area where people pass through.”
The suburb’s popularity has also meant a steady rise in the median house price.
Mr White said a turn-key house could have been purchased for under $200,000 in 2006 but it has more than doubled since then with the median for a four-bedroom house tracking at about $520,000.
“The results speak for itself. There is about a 65 percent owner occupier … it’s a real lifestyle destination.”
Originally Published: www.couriermail.com.au
Renewed hopes of saving North Lakes Golf Club
Residents living around the financially troubled North Lakes Golf Club are increasingly hopeful it can be saved from being turned into a retirement community.
The course has been bought by developer Village Retirement Group and is due to close at the end of 2019 although a DA is yet to be submitted.
The Save North Lakes Golf Club group met with Moreton Bay Regional Mayor Allan Sutherland this week and spokesman Andrew Cathcart tells Mark he is confident local will get a fair hearing.
SEQ begins big push for a billion-dollar City Deal
Queensland Premier Annastacia Palaszczuk (left) and Treasurer Jackie Trad are pushing for a City Deal for south-east Queensland.
Photo: AAP/Dan Peled
Political delays dogging infrastructure projects will be history if talks on Tuesday morning cement a new billion-dollar 15-year City Deal for south-east Queensland between all three levels of government.
Such a deal could benefit 3 million people catching trains and buses, driving on highways, building businesses, looking for housing, and finding school and universities between the Sunshine and Gold coasts and west to Toowoomba.
Deputy premier Jackie Trad and Brisbane’s lord mayor Graham Quirk will on Tuesday morning outline how close the 10 south-east Queensland councils – Brisbane, Ipswich, Logan, Moreton Bay, Redland, Scenic Rim, Somerset, Sunshine Coast, Toowoomba and Lockyer Valley – are to signing Australia’s largest City Deal with the federal government.
Australia now has three City Deals backed by the federal government: Townsville (2016), Launceston (April 2017) and Western Sydney (March 2018).
Cr Quirk, the chairman of Council of Mayors (SEQ) that represents the region’s local governments, described a City Deal for the area as “a dramatic change”.
“The power of aligning the efforts of all levels of government and securing a long-term program of investment in our region will be a game changer,” Cr Quirk said.
“For the first time, all levels of government will be working in unison to protect and enhance the prosperity and liveability of south-east Queensland.”
Brisbane’s lord mayor Graham Quirk begins a campaign for a City Deal funding package for 10 councils on Tuesday morning.
Photo: Fairfax Media
A City Deal binds the three levels of government — federal, state and local — as a group to agree to a 15-year rolling funding program of infrastructure projects that a fast-growing region needs.
As projects provide a lift in land value, that financial uplift is identified, captured and then re-invested into the infrastructure funding pool, under a model first identified in Manchester in 2012 and then in Brisbane in 2014.
In April 2018, Cr Quirk and Ms Trad met the federal government’s new Cities and Urban Infrastructure minister Paul Fletcher, when they first put forward the SEQ City Deal.
All parties described those 2018 talks as “positive”.
Cr Quirk and Ms Trad will begin the public push for the SEQ City Deal at a business breakfast at Brisbane’s Convention and Exhibition Centre on Tuesday.
“We secured Australia’s first ever City Deal in Townsville, which is paying dividends with projects like the North Queensland Stadium, delivered through the City Deal,” Ms Trad said.
“That is under construction and on track to be open for the start of the 2020 NRL season.”
Townsville’s City Deal is a 15-year arrangement, while Launceston’s is a five-year deal and Western Sydney’s is a 20-year deal.
The federal government is tipped to announce City Deals for Geelong and Darwin by September 2018, allowing planners to work on Hobart, Perth and south-east Queensland over 18 months.
How could it help?
It locks in project funds over 15 to 20 years, moving them away from political promises, which are subject to election outcomes. It could remove election squabbling over the same project.
It sets out a timetable for projects allowing the private sector to invest more confidently.
It could help the next generation of infrastructure projects, after the Pacific Motorway, Cross River Rail and Brisbane Metro projects were all delayed by politics, angering voters.
It has also been mentioned as a way of funding Moreton Bay’s new university campus at Petrie and breathing life into the Brisbane River’s Resilient Rivers proposal.
What is Townsville’s experience after 18 months?
The Townsville City Deal was signed on December 9, 2016. It is a 15-year agreement.
Work has begun on stage two of the 25,000-seat $250 million North Queensland Stadium. It will be finished for the 2020 rugby league season. It is funded by the federal and state governments, and Townsville City Council.
The Queensland government has promised $250 million for new water supply for Townsville.
A business case for new Townsville Port facilities is almost finished and the Queensland government has pledged $75 million for port upgrade.
Townville mayor Jenny Hill said choosing the right projects was essential to make a City Deal effective.
“The City Deal provides a roadmap for delivery that breaks the political cycle so it is very important to choose the right projects or areas for reform that will make the biggest difference to a city or region,” Cr Hill said.
“All three levels of government also need to buy into the key priorities of the local area that are included in any City Deal.”
Townsville Mayor Jenny Hill on top of Castle Hill with Townsville in the background.
SEQ City Deal – the background
- May 2012: Co-funding model idea began in United Kingdom.
- June 2015: Queensland prepares its own case for City Deals after Ms Trad looked at the UK City Deals idea in Manchester.
- 2016: Council of Mayors (SEQ), Queensland Property Council and the Queensland government put a plan together.
- November 2016: Queensland Premier Annastacia Palaszczuk signed a memorandum of understanding with prime minister Malcolm Turnbull in November 2016 to develop “tailored City Deals” for Queensland.
- February 2017: Ms Trad and Cr Quirk wrote to then-federal cities minister Angus Taylor, agreeing to a joint submission.
- Late 2017: A Cities Transformation TaskForce established in Brisbane.
- June 2018: Queensland’s major contractors called for a City Deal.
Where you can still invest by the water in QLD for less than $700k
IT’S unheard of in Sydney and a distant memory in Melbourne, but for under $700,000, it’s still possible to buy a house by the water near Brisbane.
In the sleepy beachside suburb of Margate, a four-bedroom house only a block back from the beach is up for grabs for offers over $599,000.
Down the road in nearby Scarborough, another four bedder just 200m from the water is available for $595,000 — little more than the cost of a Sydney car park.
Even in the popular family holiday spot that is Coolum Beach, a cute three-bedroom pad is going for $695,000.
New data provided exclusively to The Courier-Mail by RiskWise Property Research has identified the 10 best suburbs by the water in southeast Queensland to invest in.
Woody Point, 25km north of Brisbane in the Moreton Bay region, is the top pick, with a median house price of $490,000, followed by the neighbouring suburbs of Margate and Scarborough.
The coastal suburbs of Thorneside, Birkdale and Wellington Point, about 20km southeast of Brisbane, are also ripe for investment, according to RiskWise.
And what better time to scope these areas out for holiday homes than during school holidays.
RiskWise chief executive Doron Peleg said the suburbs were ranked based on affordability, proximity to water and distance from working hubs.
“Deception Bay is a great example because the prices there are significantly cheaper than what you see in alternative suburbs,” Mr Peleg said.
“Overall, anything that starts with a four or is below $500,000, when you get proximity to water at that price tag, it is extremely affordable.”
Mr Peleg said Coolum Beach was another good example because it was possible to work in Brisbane and commute.
“It’s also not far from Noosa, but a fraction of the price of Noosa Heads,” he said.
Mr Peleg’s only advice to investors looking in these suburbs was to think long term.
“The only thing you need to do is to buy and hold because of the nature of the real estate market and transaction costs in Queensland,” he said.
“Regardless of these specific areas, southeast Queensland currently represents outstanding value.”
James and Jasmine Campbell are selling their three-bedroom house at 1 Westbrook St, Woody Point, for just $485,000.
They bought the house almost six years ago as their first home and it has achieved solid capital growth in that time.
Mr Campbell said they loved being just 500m from the water and being able to stroll along the boardwalk of an afternoon with their two-year-old daughter, Pippa.
“The house is close enough that you still get that smell of the ocean,” he said.
Selling agent Brendan Philp of Abode Properties said Woody Point and Margate were becoming popular with owner-occupiers, either families, retirees or interstate buyers relocating from Sydney and Melbourne.
Mr Philp said the area’s sandy beaches and affordability — with the average house selling for around $500,000 — made it one of a kind.
“Geographically, you are 25 minutes to the airport, 30 minutes to Brisbane CBD, an hour to the Sunshine Coast — you can’t find another suburb for that sort of money,” he said.
“In Wynnum or Manly, you’re paying at least a third more.”
TOP 10 EMERGING WATERSIDE SUBURBS
Suburb Property type Region Median sale price
1. Woody Point House Moreton Bay $490,002
2. Margate House Moreton Bay $453,820
3. Scarborough House Moreton Bay $550,719
4. Thorneside House Brisbane – East $523,177
5. Birkdale House Brisbane – East $541,048
6. Wellington Point House Brisbane – East $589,185
7. Wynnum House Brisbane – East $639,622
8. Lota House Brisbane – East $635,082
9. Deception Bay House Moreton Bay $352,245
10. Coolum Beach House Sunshine Coast $637,984
(Source: RiskWise Property Research, CoreLogic)
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