Caboolture Property Market


Caboolture Rental Properties (February 2020)

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Caboolture continues to be the cheapest area to rent in the Moreton Bay Region with the average 4 bedroom house renting for $374 per week.

Rents in Caboolture have changed marginally over the past 12 months, with 3 bedroom townhouses experiencing the biggest fall (-1.5%) and 2 bedroom townhouses having the biggest increase (+2.9%).  3 bedroom houses also experienced a small increase in rent (+1.6%) as shown in the table below.




    Current rental demand for this property type in this suburb    Average weekly rent payable for this property type    Difference in rent payable for this property type compared with 12 months ago   
               
4 Bedroom House   43.8%   $374.00

  0%

-

             

 

3 Bedroom House   23.9%   $318.00   1.6%

             

 

3 Bedroom Townhouse   9.2%   $308.00   -1.5%

             

 

2 Bedroom Townhouse   3%   $275.00   2.9%

             

 

2 Bedroom Unit   5.2%   $272.00   0%

-


Source: realestate.com.au  |   RTA Queensland Median Rents 

 

 

 


Number of Rental Properties in Caboolture

 
Caboolture has the largest number of houses for rent of all suburbs in the Moreton Bay Region. 

Caboolture has 4,800 houses registered as rental properties with the Qld Residential Tenancies Authority (RTA).  The region with the second highest number of houses for rent is Kallangur/Murrumba Downs/Dakabin, with 3,983 homes registered as rentals with the RTA.

The composition of rental properties in Caboolture is:
 
  • 4,800 Houses (66% of stock)
  • 1,906 Flats/Units (26% of stock)
  • 397 Townhouses (5% of stock)
  • 118 Other - includes movable dwellings & rooming accom (2% of stock)

 

 

 


The Moreton Bay Region has 32,237 houses that are rentals.  Consequently, Caboolture alone accounts for 15% of total houses for rent in the Moreton Bay Region.  Tenant demand by property type is highest for houses in Caboolture, given the large number of rental houses on the market.  The lowest tenant demand in Caboolture is for acreage properties.

 

 

Caboolture Rental Property Demand


 

 

 

'The highest tenant demand is for 3 & 4 bedroom houses' 


 

 

 
 

Caboolture Tenant Profile

 
 

 


WHO IS THE AVERAGE RENTAL APPLICANT?

 
When you buy or lease an investment property in Caboolture, it is important to understand what your average tenant looks like:
 
  • over one third of rental applicants have pets
  • more than 90% own a vehicle and many want a double garage
  • there is only a small number of students applying
  • tenants who are employed have on average been in their job for 3 years

Given almost 40% of rental applicants own pets, it is highly beneficial for landlords to have a fully fenced back yard if you allow pets at your property.  Likewise, having a double garage or adding a covered car port can significantly increase the appeal of your property to tenants.

 

 



Source: realestate.com.au  |   1Form

 

 



WHAT IS THE INCOME & EMPLOYMENT STATUS OF RENTAL APPLICANTS?

 
Caboolture is recognised as a suburb with affordable rents.  Consequently, the area attracts many households who have low income.


s important to understand what your average

 

 






46% of rental applicants in Caboolture have incomes less than $40,000 per annum42% of rental applicants are unemployed.


Source: realestate.com.au  |   1Form

 

 



WHAT IS THE AGE & GENDER OF RENTAL APPLICANTS AND ARE THEY LOOKING TO BUY PROPERTY?

 
The majority of tenancy applications for rental properties in Caboolture are from women aged between 20 - 40 years.  Many applications are from young families and also single parent families.  Property features that are important to the largest number of applicants include:
  • 2 bathrooms
  • good size kitchen with decent appliances
  • air-conditioned and/or ceiling fans
  • window and door security
  • indoor and outdoor family areas & play areas for children
  • lock-up garage
  • fully fenced yards






 

 






Only a very small number of rental applicants in Caboolture (less than 5%) are considering buying a home in the short term (the next 12 - 24 months).  This low intention to buy reflects the lower incomes of many rental property households in Caboolture.

Given there are more than 7,200 rental properties in Caboolture, this also means that at any one time there are 360 rental households in Caboolture looking to buy a home.



 



Want Your Investment Property to Stand Out from the Crowd?


Affinity Property has helped thousands of clients buy, sell and manage their investment properties over the past 15 years.  Below you will find our 7 Essential Tips for Renting Your Property Fast & Stress Free.

 


7 SIMPLE STEPS


When you rent out your property, you are competing with thousands of other landlords to attract the eyes, ears and attention of potential tenants.  Some suburbs have higher vacancy rates and many more rental properties than neighbouring suburbs.  So the big question is: "How do you stand out?"

These 7 Essential Tips provide great advice to help you:
  • prepare and present your property to the market;
  • understand what property features are important to tenants;
  • the most effective ways to advertise to find the best tenants;
  • key maintenance and repairs you should consider to get the maximum rent for your property;
  • identify cost effective ways to add value to your property; plus
  • other great property management advice.

 

 

7 Steps to Get Your Property Rented Fast & Stress Free

 
 
 

Need Help with Your Investment Property in Caboolture?


If you have an investment property in Caboolture we're here to help you.  Affinity Property has been managing rental properties in Caboolture for more than 10 years.  We offer a comprehensive Service Guarantee to our Landlords to ensure you get the best return for your investment property.
 

 


Affinity Property Service Guarantee


Affinity Property manages a large and diverse portfolio of rental properties and we employ talented, local real estate agents with many years experience.  You will find in our Free Web Book lots of great advice about:
  • caring for your property;
  • tenant selection;
  • inspections;
  • maximising your rental income; and
  • other important property management services

 

 

How to Get the Best Investment Return on Your Investment Property

 


 



WHAT OUR CLIENTS SAY ABOUT US

 

Affinity Property is consistently ranked in the Top 3 Best Real Estate Agents across numerous suburbs by the people that matter: our clients

These client ratings are not paid for on advertised sites but are on independent client rating sites such as Rate My Agent and Google Reviews

If you want to find a top real estate agent to help with your property, we'd love to help you.  Contact us today on (07) 3293 9100 to request a property management consultation regarding your property, or simply click 'Request Appraisal' below.




 

 

 

 


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