Economic Dashboard - Moreton Bay Regional Council
MORETON BAY REGIONAL COUNCILECONOMIC DASHBOARDJULY 2019
CaloundraHighwaySunshine CoastRegionThere’s never been a more exciting time to invest in theMoreton Bay Region.Rail LineAirportPortCityMoreton Bay is the third largest local government area in Australiaby population, and has been recognised as a region with one of thefastest-growing populations, and the strongest-growing economiesin the country.WoodfordAgThe region provides the perfect balance between business andlifestyle, and is located in South East Queensland’s northern growthcorridor, just north of the Brisbane CBD.Moreton Bay has easy access to the Brisbane CBD and majortransport and export infrastructure, including the Brisbane andSunshine Coast international airports, Port of Brisbane, BruceHighway, and Redcliffe Peninsula and Sunshine Coast rail lines.uilarHiBribie IslandghwayCabooltureMorayfieldSomersetRegionMajor regional infrastructure projects such as The Mill at MoretonBay and the 1 billion Redcliffe Peninsula Rail Line are underpinningnew, exciting opportunities for continued economic development,employment growth and business confidence into the future.DayboroBruce HighwayD’NarangbaDakabinRothwellRedcliffeNorth LakesApproxPetrie. 25GriffinkmStrathpineMoreton BayBrendaleMORETON BAY REGIONPROPERTYOur region is a diverse economy and ahive of opportunity. The local areas arehubs of innovation and industry, andhome to an existing skilled labour force.The region is home to leadingmanufacturers in construction,machinery, agribusiness and beyond.Moreton Bay currently provides access tolocal jobs for 66% of working residents.Significant property development and landrelease will continue to create demandfor businesses wanting to establish abase to service local, state, national andinternational markets.(2018 est)357,499 (2008)29% increase37.6 yearsMedian age(2017)118,800Local jobs(2018)103,280 (2011)15% increase 18,570 millionGross regional product 8,928 million (2008)108% increase14%Education(of residents have adegree or higher - 2016)2Moreton Bay Regional Council Economic Dashboard(March qtr 2019)6.1% (Qld) 650Weekly personalincome (2016)237,000People in theLabour force4,130Residential buildingsapproved (*30 April 2019)32,300Businesses inMoreton Bay (30 June 2019) 584 millionValue of non-residentialbuilding approvals (*30 April 2019)2,700New businessregistrations(FY 2018-19) 247 million (2008) 445,000House sales median price( 2400m2) (*March 2019)Council’s 655 million 2019/20 budget will providemore than 227 million for capital works with a focus oncommunity infrastructure and healthy and active lifestyleopportunities. It includes: 112 million on road and transport networks toimprove connectivity, travel time and transportoptions. 806 million (2008)(March qtr 2019)Port ofBrisbaneMinutes fromairport to:Redcliffe - 25 minsStrathpine - 20 minsCaboolture - 35 minsMAJOR REGIONAL PROJECTS 1,077 millionValue of residentialbuilding approvals (*30 April 2019)390Number of non-residentialbuilding approvals (*30 April 2019)33% increase since June 2016Arana HillsBrisbane CityRESIDENT ionApprox. 10kSamford 54 million to rehabilitate, protect and enhance thenatural environment, plus an additional 24.2 milliontowards management of waterways and coastalareas. 34 million on sport and recreation including 5million towards construction of the new Griffin SportsComplex, 3.2 million for the next phase of theNathan Road Sporting Precinct, Rothwell. The Mill at Moreton Bay will feature the USC MoretonBay Campus, innovation hub, vibrant urban centre and adesignated koala conservation area. USC Moreton Bay Campus at Petrie will open in early 2020and is Australia’s first greenfield university in 20 years. 925.5 million is being spent on Bruce Highway upgradesbetween Pine River and Caloundra Road interchange. The 1 billion Redcliffe Peninsula Rail Line will service618,000 residents by 2036 and 39 new residentialdevelopments. Other important regional projects include: CabooltureHospital expansion, New Special School Caboolture,Redcliffe Hospital upgrade, Dakabin Train Station upgradeand Griffin State School expansion.The Mill Priority Development Area covers around 460haof land across Petrie, Kallangur and Lawnton providingopportunity to fast-track development in conjunction witha brand new university precinct. 0% (Qtrly change)* Year endingMoreton Bay Regional Council Economic Dashboard3
ECONOMIC DEVELOPMENT IN ACTIONMORETON BAY:OUR GROWING REGIONTHE MILL AT MORETON BAY:A BRIGHT FUTUREMoreton Bay Region is expected to increase its population by 240,000by 2041, to approximately 690,000. This represents more than a 50%increase over the next 25 years. By comparison it is anticipated that by2031 the Moreton Bay Region will have a larger population than Tasmania.With a University of the Sunshine Coast campus at its core, The Millat Moreton Bay will be a thriving major precinct generating highereducation and employment opportunities.The 2016 Census recorded North Lakes as thefastest-growing area in Queensland.Concept images of University of theSunshine Coast Moreton Bay Campus.Located at Petrie, it is on track to welcome students in 2020 and willbe supported by additional work, study and community facilities.HASSELL 201777Our region has the ninth highest number of registeredbusinesses of any other local government area in Australia. 35 million grantconnecting communitiesfrom the Federal Governmentthrough a transport network10,000 students110 hectaresHome to over 32,300 registered businesses, supportingmore than 118,800 jobs.Substantial growth in suburbs along the Redcliffe Peninsularail corridor, with over 50,000 jobs forecast by 2036.Aerial view of works at The Mill atMoreton Bay site in May 2019.One of Queensland’s strongest economies withour Gross Regional Product exceeding 18 billion.in the first 10 yearsof environmental corridors6,000 950 million*ongoing jobsSince 2010 the number of visitors to the region has increasedto 3.6 million, generating 1 billion for the local community.For more information about Moreton Bay Regional Council’sEconomic Development Action Plan lan4Moreton Bay Regional Council Economic Dashboardannual industry output in thegreater Moreton Bay Region* Estimated by KPMG 2015The Mill at Moreton Bay is a strategic land holding purposedto supply education, employment and lifestyle services tocater for Moreton Bay’s growing population. We look forwardto discussing opportunities for investment.Suburbs along the Redcliffe Peninsula Rail Linewill be home to over 50,000 jobs by 2036.For more information about this project, or to learn how youcan be involved, visit moretonbay.qld.gov.au/themillMoreton Bay Regional Council Economic Dashboard5
CabooltureRedcliffe31,447 HaBellmere, Caboolture, Caboolture South, Elimbah,Moodlu, Wamuran and part of Morayfield3,825 HaClontarf, Kippa-Ring, Margate, Newport,Redcliffe, Rothwell, Scarborough, Woody PointImage: Caboolture (2013)Identified as the principal regional activity centre of Moreton Bay Region, Caboolture is home to a number of major publicinfrastructure facilities including hospitals, schools and emergency services. Investment opportunities include a broad rangeof health and community assistance industry activities.ECONOMYRESIDENT WORKFORCE73,000Population(as at 30 June 2018)Avg annual growth rate 2.3%87%Employment Rate94% State employment rate 560Weekly personalincome (2016)33.5 yearsMedian age20,900Number of local jobs 5,820 millionGross revenue generated22%3 Vehicle Households33,000Daily Vehicle Movements35,200Resident labour forceMajor Train Station107Daily TrainServices2,585Daily TrainPatronageHealth care andsocial assistance (3,460)Most common employmentby industry 37% (2006-2016)Caboolture Station893Daily BusPatronage 1.4% Annual growth (2017-2018)6Moreton Bay Regional Council Economic Dashboard 397,000Median sale price ofnew houses45.3 yearsMedian age(as at 30 June 2018)Avg annual growth rate 0.9% 5,430 millionGross revenue generated246Businesses withturnover greater than 2M 8% (FY15/16 - FY17/18) 3,500Average advertised saleprice - commercial ( /m2)94% State employment rate(bachelor or higher - 2016)15%3 Vehicle Households19,800Daily Vehicle Movements30,600Resident labour forceMajor Train Station98Daily TrainServices1,393Daily TrainPatronageHealth care andsocial assistance (3,700)Most common employmentby industryProfessionals (4,000)Most common occupation 30% (2006-2016) 4.1% Annual growth (2017-2018)96 ha / 17 haZoned for Industry Use /Vacant Industrial Land100 ha / 15 haZoned for Centre Use /Vacant Centre Land210,000m²Total Existing Retail BuildingFootprint in Centre ZoneMajor Bus Station579Daily BusPatronage 311,000Median sale price ofresidential vacant land 3,930Average advertised saleprice - retail ( /m2)Kippa-Ring Station405Daily BusServices 620,000Median sale price ofnew houses 35% (2006-2016) 9% Annual growth (2017-2018)7BusRoutes 442,000Average residentialsale price 1,670Average advertised saleprice - industrial ( /m2)(Anzac Avenue, 2017)Kippa-Ring StationPROPERTY 660 State median13%Education804 ha / 695 haZoned for Industry Use /Vacant Industrial Land115 ha / 15 haZoned for Centre Use /Vacant Centre Land92%Employment Rate 600Weekly personalincome (2016)19,900Number of local jobs 200,000Median sale price ofresidential vacant land310,000m²Total Existing Retail BuildingFootprint in Centre ZoneMajor Bus Station242Daily BusServices62,500Population 2,550Average advertised saleprice - retail ( /m2)Labourers (4,580)Most common occupationRESIDENT WORKFORCE 350,000Average residentialsale price 75% (2006-2016) 4.5% Annual growth (2017-2018)16BusRoutesECONOMY 1,770Average advertised saleprice - industrial ( /m2)(Morayfield Road, 2018)Caboolture StationHistorically one of the oldest settlements in the area, Redcliffe is identified as a major centre, with a strong focus on tourismopportunities. The new Redcliffe Peninsula Rail Line has been a game changer, increasing connectivity from the seaside tothe rest of the region and to Brisbane City . 660 State median8%Education(bachelor or higher - 2016)PROPERTYImage: Redcliffe (2013)256Businesses withturnover greater than 2M 25% (FY15/16 - FY17/18) 3,930Average advertised saleprice - commercial ( /m2)Moreton Bay Regional Council Economic Dashboard7
North LakesStrathpine6,626 HaDakabin, Griffin, Kallangur, Mango Hill, Murrumba Downs,North Lakes3,827 HaBray Park, Brendale, Lawnton, Petrie, Strathpine,part of JoynerImage: North Lakes (2013)As one of the region’s fastest growing centres, and home to one of Queensland’s largest shopping centres, North Lakesoffers superior retail and lifestyle opportunities, with easy access to public transport.ECONOMYRESIDENT WORKFORCE83,300Population(as at 30 June 2018)Avg annual growth rate 6.6%94%Employment Rate94% State employment rate 750Weekly personalincome (2016)31.9 yearsMedian age16,700Number of local jobs 4,620 millionGross revenue generated17%3 Vehicle Households49,600Daily Vehicle Movements45,000Resident labour forceMajor Train Station98Daily TrainServices1,240Daily TrainPatronageHealth care andsocial assistance (4,600)Most common employmentby industry 148% (2006-2016)Major Bus Station780Daily BusPatronage 6.4% Annual growth (2017-2018)8Moreton Bay Regional Council Economic Dashboard 480,000Median sale price ofnew houses35.8 yearsMedian age(as at 30 June 2018)Avg annual growth rate 0.8% 7,100 millionGross revenue generated133Businesses withturnover greater than 2M 43% (FY15/16 - FY17/18) 2,930Average advertised saleprice - commercial ( /m2)94% State employment rate(bachelor or higher - 2016)20%3 Vehicle Households36,900Daily Vehicle Movements21,800Resident labour forceMajor Train Station100Daily TrainServices1,667Daily TrainPatronageHealth care andsocial assistance (2,300)Most common employmentby industry319Daily BusServices562Daily BusPatronage-2.6% Annual growth (2017-2018) 335,000Median sale price ofresidential vacant land515 ha / 203 haZoned for Industry Use /Vacant Industrial Land 1,920Average advertised saleprice - retail ( /m2)Clerical and administrative (3,000)Most common occupation-7.8% (2006-2016)165 ha /79 haZoned for Centre Use /Vacant Centre Land150,000m²Total Existing Retail BuildingFootprint in Centre ZoneStrathpine Station14BusRoutes 491,000Median sale price ofnew houses 26% (2006-2016) 5.9% Annual growth (2017-2018)Major Bus Station (StrathpineShopping Centre) 422,000Average residentialsale price 1,770Average advertised saleprice - industrial ( /m2)(Gympie Road, 2018)Strathpine StationPROPERTY 660 State median12%Education180 ha / 123 haZoned for Industry Use /Vacant Industrial Land202 ha / 113 haZoned for Centre Use /Vacant Centre Land91%Employment Rate 670Weekly personalincome (2016)21,600Number of local jobs 280,000Median sale price ofresidential vacant land190,000m²Total Existing Retail BuildingFootprint in Centre ZoneNorth Lakes Central Station286Daily BusServices39,200Population 3,590Average advertised saleprice - retail ( /m2)Professionals (5,700)Most common occupationRESIDENT WORKFORCE 431,500Average residentialsale price 160% (2006-2016) 12% Annual growth (2017-2018)21BusRoutesECONOMY 2,260Average advertised saleprice - industrial ( /m2)(Anzac Avenue, 2018)Mango Hill StationStrathpine is identified as a major activity centre with a strong, established retail precinct, ideally positioned on the rail line withgreat proximity to Brisbane City. 660 State median16%Education(bachelor or higher - 2016)PROPERTYImage: Strathpine (2013)327Businesses withturnover greater than 2M 0.6% (FY15/16 - FY17/18) 2,670Average advertised saleprice - commercial ( /m2)Moreton Bay Regional Council Economic Dashboard9
BrendalePetrie1,786 Ha673 HaImage: Brendale (2013)Brendale is the premier industrial precinct in the Moreton Bay region, strategically located just off the Bruce Highway, with easyaccess to the Brisbane City, Brisbane international and domestic airports, and the Port of Brisbane.ECONOMYRESIDENT WORKFORCE13,200Population87%Employment Rate(as at 30 June 2018)Avg annual growth rate 1.7%94% State employment rate 640Weekly personalincome (2016)35.9 yearsMedian age15,500Number of local jobs 5,620 millionGross revenue generated18%3 Vehicle Households24,700Daily Vehicle Movements7,100Resident labour forceNearest Major Train Station1,667Daily TrainPatronage100Daily TrainServicesECONOMYHealth care andsocial assistance (760)Most common employmentby industry9,000Population 491,000Median sale price ofnew houses36.5 yearsMedian age(as at 30 June 2018)Avg annual growth rate 0.1% 1,880Average advertised saleprice - industrial ( /m2) 430 millionGross revenue generated(bachelor or higher - 2016)21%3 Vehicle Households28,500Daily Vehicle Movements66 ha / 10 haZoned for Centre Use /Vacant Centre Land-8.8% (2006-2016) 5.9% Annual growth (2017-2018)Petrie StationMajor Train Station202Daily TrainServices4BusRoutes13Daily BusServices*21Daily BusPatronage*Number of services for the Brendale Industrial Precinct-2.6% Annual growth (2017-2018)10 432,500Average residentialsale price 448,000Median sale price ofnew houses5,300Resident labour force 3,290Average advertised saleprice - retail ( /m2)74 ha / 68 haZoned for Centre Use /Vacant Centre LandHealth care andsocial assistance (550)Most common employmentby industry 19% (2006-2016)10,000m²Total Existing Retail BuildingFootprint in Centre Zone 1,550Average advertised saleprice - commercial ( /m2)Clerical and administrative (770)Most common occupation-6.3% (2006-2016) 3.6% Annual growth (2017-2018)Petrie StationNearest Major Bus Station*2,173Daily TrainPatronagePROPERTY 660 State median(Anzac Avenue, 2018)Strathpine Station*94% State employment rate16%Education 2,530Average advertised saleprice - retail ( /m2) 2,300Average advertised saleprice - commercial ( /m2)93%Employment Rate 730Weekly personalincome (2016)1,830Number of local jobs 19% (2006-2016)Clerical and administrative (950)Most common occupationRESIDENT WORKFORCE 407,000Average residentialsale price471 ha / 195 haZoned for Industry Use /Vacant Industrial Land(South Pine Road, 2017)Strathpine StationPetrie is home to The Mill at Moreton Bay which is soon to become the newest full-service campus of the University of theSunshine Coast, propelling Petrie towards becoming the major education hub of the region. 660 State median11%Education(bachelor or higher - 2016)PROPERTYImage: Petrie (2013)Moreton Bay Regional Council Economic DashboardMajor Bus Station277Businesses withturnover greater than 2M 4.1% (FY15/16 - FY17/18)8BusRoutes88Daily BusServices253Daily BusPatronage-7.5% Annual growth (2017-2018)12Businesses withturnover greater than 2M-20% (FY15/16 - FY17/18)Moreton Bay Regional Council Economic Dashboard11
Looking to investin Moreton Bay?There are a range of business and investment opportunities currentlyavailable from commercial to tourism and industrial to retail. Formore information visit mbrc.qld.gov.au/invest or contact council’sEconomic Development team on 3205 0555 or emaileconomic@moretonbay.qld.gov.au.All of the region’s businessnews, events, workshopsand online resources all inthe one place.businessmoretonbayregion.com.auGet your free business e-news delivered straight to your inbox every fortnight.SOURCES AND ACKNOWLEDGEMENTSMoreton Island is contained within the same statistical area as Redcliffe and therefore some stats reported include values from Moreton Island. For context, 0.6% of population is attributed toMoreton Island. Values contributed by Moreton Island for the purposes of the Economic Dashboard are considered negligible. Suburbs located on Moreton Island have not been listed. Information from this document has been obtained from the following sources: ABS, Australian Government Budget 2019-2020, Commercial Property Guide, MBRC various documents,Queensland Government Budget 2019-2020 Regional Action Plan, Queensland Treasury, Queensland Rail Travel, Real Estate Institute of Queensland, REMPLAN, Savills Australia and The Stateof Queensland reports. For further details on document sources, contact economic@moretonbay.qld.gov.au.
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MORETON HALL EAST - MASTER PLAN REPORT 2.0 THE MASTER PLAN SITE Site location 2.1 The site lies to the east of the Moreton Hall neighbourhood, which in turn lies to the east of Bury St Edmunds, separated from the town by the A14(T). 2.2 Mount Road, a rural distributor road linking Bury St Edmunds with a
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new arrivals, Mr. S. P. Welsby, started a boarding and day school at Ipswich. It is said that one of the immigrants brought out twenty tons of miscel laneous goods for sale as a speculative venture. Two of the lady passengers are said to have set up in business with hats and bonnets as their stock in trade. The "Fortitude" sailed from Moreton Bay
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