See if you can guess where we’re talking about:
- It’s in the Moreton Bay Region, which is tipped for 40 per cent population growth over the next 20 years
- It’s got entry level housing at $350,000 to $450,000 (but not that long ago you could pick up a bargain in the high $200,000s
- It’s got great rail links north to Caboolture and south to Brisbane’s CBD.
- It’s got country charm complete with and old pub and weekend markets.
If you guessed Petrie you guessed right.
So what’s driving the popularity of this suburb, which arguably looks more like a country town than a growth hub?
We shared with our readers some time ago the big news that Petrie is the location for a new University of the Sunshine Coast campus set to open in 2020.
But as Domain reports, there’s more activity on the way.
Petrie is earmarked as a state government Priority Development Area, (PDA) which will see the quaint Petrie Town Centre undergo a revamp.
The PDA will see sustained development over 20 years so this is a buy-and-hold scenario for investors looking to make a dollar.
But first home buyers will give investors a run for their money with astute first-timers able to get great value for their money while enjoying Petrie’s current amenity with the promise of more to come.