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Rochedale, the best choice for families
There are endless reasons that make Rochedale is a great choice for families. Not only do Rochedale families benefit from close proximity to the Pacific Motorway, making getting to the Brisbane CBD and Gold Coast easy, but more than 10 educational institutions, employment hubs and lifestyle amenities are also just moments away.
In a new market outlook report by Urbis, Rochedale is shown to be a top choice for families with demand for four-bedroom+ houses continuing to grow and property values growing just as rapidly.
Over the 10-year period to 2019, the Rochedale Primary Catchment grew by 8,010 residents with a projected future growth of 1.1 per cent per annum, totalling more than 13,056 new residents by 2039.
This same catchment is also expected to see further growth for families with children aged 0-19 years, up to 3,090 residents over the next 20 years. The strong family growth can be attributed to a diverse mix of primary, secondary and tertiary education in the area.
Booming with infrastructure
But it’s not just access to quality education that attracts families to Rochedale. The area is also set to benefit from more than $1 billion of infrastructure investment over the next decade, improving the amenity and connectivity of the suburb as well as creating more employment opportunities.
Some of the major infrastructure upgrades that benefit Rochedale include:
Brisbane Metro – A turn-up-and-go metro network from the southern suburbs to the inner-city. The metro will service key employment, lifestyle and education destinations and will run 24-hour services on weekends.
Rochedale Busway station – Less than 3km from Maison, the new busway extension and station will provide Rochedale residents with a dedicated connection to the CBD, reducing travel times for commuters.
Rochedale Motorway Estate – This 75-hectare industrial precinct will deliver new warehouse and quality office facilities with generous parking and unrivalled access to the Port of Brisbane and both the Logan and Pacific Motorways.
Fantastic investment opportunity
‘Mum and dad investors’ and risk-adverse property purchasers have a great opportunity to capitalise on the high demand and ongoing growth of the Rochedale rental market.
In the 12-month period to June 2019, four-bedroom houses in Rochedale saw a 54 per cent increase in bond lodgements in comparison to the year ending June 2015. This demand has been accompanied by a 2.8 per cent rental price growth for four-bedroom houses in the five years to June 2020.
Of the most popular rental dwellings in Rochedale, new and near-new houses outperform established houses with rents achieving between $560 and $750 a week, a 39 per cent premium for new homes. This shows that tenants in Rochedale see great value in modern dwellings.
Because of the area’s desirability, Rochedale also has a residential vacancy rate of 2.0 per cent as at March 2020, which is lower than the average for Brisbane.
If you’ve been considering an investment opportunity – look no further than Rochedale!
The combination of this future infrastructure and top quality education with consistent, strong increases in property prices makes Rochedale the ideal choice for families.
Click here to view the full Urbis report.
After incredible demand which saw the first 70 clocks at Maison sell out in only two months, new land has now been fast-tracked in this masterplanned Rochedale community. Click here to enquire now about land at Maison.