Young interstate families are finding their dream homes in Albany Creek, charging up another property boom in this south Moreton Bay area. Due to its affordability and space, the former “retirement” suburb has been attracting professionals who were once tied to work in the inner-cities but now see the benefits of acreage properties.
House Price Growth
Property growth in Albany Creek between July 2020 to June 2021 continued its stable upward trend by 10.35 per cent, putting the house median price at $685,000, per data from Property Market Updates.
Buyer activity was definitely competitive and energetic in the 12-month period with 258 houses sold within an astonishing 24 days on the market. Most of the houses sold were four-bedroom homes but the fastest sales to close in less than 10 to 18 days of negotiations, have been three-bedroom properties.
A six-bedroom private haven on Havenwood Court, which has its own secured oasis surrounded by bushlands, sold at the highest price for the period. With a breezy indoor to outdoor layout, this house has a large family lounge that offers ample space for entertaining and relaxation.
Unit Price Growth
While house price growth has been strong, Apartment property sales in Albany Creek had minimal growth at 2.94 per cent in the period ending June 2021.
Sales remained stable, with 59 units sold during this time period, with inventory staying on market for 45 days. Most four-bedroom units remained listed for 261 days, indicating an oversupply.
About Albany Creek
Established on a hilly section near the South Pine River, Albany Creek is a quiet, family-friendly northern suburb some 17 kilometres off Brisbane CBD. Home to many professionals who work in the city, nearly half of the residents fully own their three to four-bedroom homes to raise a family. Most houses have their own pools and are situated in a cul-de-sac block.
A former rural area, Albany Creek’s development as a suburban town began in the 1960s primarily featuring brick homes, when the metropolis expanded to open more schools in the north, such as the Albany Hills State School, the Albany Creek State High School, and the All Saints Primary School. Though the closes train to the city is a few kilometres drive to the neighbouring suburb of Strathpine, there are plenty of buses servicing commuters regularly that takes residents to shopping centres in Chermside or Aspley.
For leisure and recreation, this town has the Albany Creek Leisure Centre hosting various sports clubs and community activities. Families enjoy plenty of green spaces at the Tom Simpson Park and the Jaracanda Park. Tight-knit community engagements are high in this peaceful suburban locale and there are limited high-rise developments.
“We’ve lived here for 15 years now and absolutely love it, It’s superb for kids of all ages, great state school and 3 excellent primary schools. Virtually no crime at all, we thoroughly enjoy life here.”
Markj13
“Having lived in the Albany Creek area for 16 years and had our children grow up in the area we would find it hard to move to anywhere else. There are all the local type shops that are necessary but not the impersonal hype of the city or other central locales. Being anywhere in 10 minutes is a great bonus, as you can go to larger shopping centers and then leave the hustle and bustle behind. Our street is filled with caring neighbors in a wide range of ages, which is great for family living. We have a total of 5 primary schools within 2 minutes of us, both private and public and the High school is 1 minute away.”
HappyinAC
“Quiet, clean suburb with leafy streets and lovely locals. We hunted around the whole of Brisbane looking for a place to settle and came across Albany Creek on the off chance. The suburb gives you that Quiet, Safe and Clean feel for your family to live happily.”
Taff