Eternal Homes Projects’ Post

Name: Area Snapshot Series: Caboolture, Queensland
Uploaded: 2024-04-02T22:36:25.520Z
Duration: 4 min 7 s
Channel: Eternal Homes Projects

Eternal Homes Projects

47 followers

8mo

In this episode of our Area Snapshot Series, Martin Eftimoski, Head of Research and Acquisitions, analyses Caboolture, a coastal town located in Brisbane, Queensland. Watch now as Martin shares why this region is of particular interest, due to: - Caboolture experiencing a significant improvement in employment, with the unemployment rate dropping from double to single digits, indicating strong job growth in the area - Caboolture's high population growth rate, notably higher than the Queensland average - Caboolture's demographic composition skews younger, suggesting a youthful and potentially dynamic population base. For more information, visit https://lnkd.in/gH9mAkuM #caboolture #queensland #areaprofile #investment #population #growth #residential #development #economy #ehp #eternalhomesprojects

Transcript

Hello, my name is Bob Lifton Musty. I'm the Head of Research and Acquisitions at a Townhouse Projects. I analyze and identify regions around the country that are of particular interest to me and should be of interest to you too. I leveraged my previous experience as a Reserve Bank of Australia Economist and Boston Consulting Group Data scientist to analyze and consider various regions around the country. Let's talk about 1:00 today. But before we get started, a quick disclaimer. Eternal Homes Projects is not a financial advisor. You should seek independent financial, taxation or legal advice depending on your own individual circumstances. What we present is for research purposes only and should not be considered as independent financial advice. Let's zone in. Now on the statistical Area 3 of Kabocha, a coastal Queensland town in Brisbane's north, Let's have a look at its labour market, demographics, income and finances, population and infrastructure. Let's just compare Kabuga to his region in Queensland in general across a few key statistics. In terms of unemployment rate, Caboolture is slightly higher than both its region and the state, but its participation rate is somewhat higher than this region, to which might account for some of this variation. In terms of its five year population growth rate though, it's a really strong population growth rate, almost double that of the Queensland average. In terms of its owner occupier share and mortgage stress levels, it's broadly in line with its region in terms of mortgage stress levels, but probably as a higher share of renters than we would like to see. The labor market in Caboolture is relatively weak compared to certain other geographic breakdowns, but it has improved substantially between censuses. So we can see that the unemployment rate has come down from double digits, single digits, which is a really notable improvement. And in the meantime, the participation rate has been relatively stable. So we can have quite a bit of confidence that this has been driven by strong jobs growth in the area. One thing that I like about the demographic composition of Caboolture is that is broadly in line with other Queensland Greenfield areas. We can see that it's going to relatively high share of people in the zero to 40 age bracket and a relatively low share of people over the age of 40 broadly in line whether the Greenfield area is and what you would expect to see. Something to note about Caboolture in general is that it has a relatively high share of renters as a percentage of homeowners. As compared with any other geographic breakdown that we've looked at in QLD? But amongst people with a mortgage, the mortgage repayment shares of income are relatively in line with the rest of the state. So at the very least, the people who do have mortgages in the area heart suffering particular amount of mortgage stress. Probably where Caboolture outperforms the most is in population growth. We can see that sitting at a 3.8% compound annual population growth rate has its sitting substantially higher than any geographic breakdown of Queensland that we looked at, including other Greenfield areas. In terms of where that population growth is coming from, it's mostly from within Queensland itself with some Interstate migration. So these are really strong numbers and really sets. Vulture apart from other statistical areas. In terms of the infrastructure spending per capita and FY23, I'd like to see a bit more from the Queensland state government to feel a lot of confidence in the region. But it does mean that any new announced future projects will surprise to the upside and offer a strong tailwind for this area. OK, we're done. Thanks for joining me today. I hope you found it interesting and engaging. My name is Martin after Muskie and I'll see you next time.

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Eternal Homes Projects’ Post

Area Snapshot Series: Caboolture, Queensland

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