The Albany Creek property market showed a robust 2021 performance, posting a 27 per cent median house price growth as many young families establish their dream homes in what was once considered a retirement suburb.
Albany Creek House Price Growth
From January to December 2021, Albany Creek experienced exceptional growth of 26.71 per cent, putting the median house price at $810,000 from just $639,250 in 2020, according to data from Property Market Updates.
Investors are taking interest in this section of Moreton Bay because of its affordability. Buying activity has been quite busy with 279 houses sold for this period at just an average of 15 days on the market.
Most buyers eyed good-sized three-bedroom homes, which offer a lot of space featured with a backyard and a pool for growing families. The area is also located near good schools. It’s also an easy commute to the city for the workers.
Albany Creek Unit Price Growth
Whilst slower than the housing market, Albany Creek’s unit market has remained steady and stable for January to December 2021. The unit market grew by 3.84 per cent with a median unit price of $514,000.
There were 54 units sold for this period within an average of 25 days of the market listing. Apartments are mostly eyed by downsizers and couples without children, which comprises about a third of the population. However, Albany Creek offers about five to seven per cent of units or semi-detached homes near the suburban centre as most properties are separate houses.
About Albany Creek
Found 30 minutes to the north of Brisbane CBD, Albany Creek is a quiet suburb that appeals to professionals with kids and older couples. With a population of less than 16,000, this suburb was mostly a rural town until its development in the 1960s, when dozens of schools opened to attract more families. The choices of schools have remained the most important factor in moving to Albany Creek. Still, about five per cent of the area is dedicated to rural residential living.
Albany Creek locals need not venture far for essentials because they have Albany Creek Square, which has a good number of retail stores catering to their needs. The suburb also boasts a lot of green spaces for outdoor and sporting activities.
“Albany Creek is very family-friendly and a nicely established suburb. Places like Warner and Cashmere and Eatons Hill are also good but without the library, swimming pool and general shops and facilities that Albany Creek has. Fairly low key feel to it and well established with lots of trees and greenery around the residential housing areas.”
Liam
“We relocated a family to Albany Creek last year and for a suburb close to the city i was pleasantly surprised. The access to the city is great for private or public transport, people seemed friendly and the houses were majority brick built and lovely.”
Cal