QLD Deception bay

Bubbling along nicely...

 

Talking to agents... a buyers agent is buying up most stock atm forcing prices up considerably in north rise and Moreton downs....apparently due to proximity to north lakes and Rothwell...good times ahead for dbay in the next few years I reckon...

 

Hello I am looking at buying in Deception Bay, and i have checked the site about zoning (i have no real knowledge). Is Urban Zoning the best type of zoning I am looking for??

 

Urban Neighbourhood zoning is the most flexible as it allows units or townhouses.

Next Generation Neighbourhood should allow townhouses.

Get planning advice if you are looking for a site that has development potential. Ideally you want at least 15m frontage ( which in this part of Deception Bay generally means a 600 sqm property ).

Otherwise, I think this part of Deception Bay is good for future gentrification. There is evidence of that already occurring via some of the planning proposals already going through. Naturally this is mainly occurring near the waterfront.

(maps below are from Planning scheme maps )

Zoning Map

https://www.moretonbay.qld.gov.au/f...development/mbrc-plan/maps/v4/zm_zonemaps.pdf



Building Heights

Building height limits are below.

https://www.moretonbay.qld.gov.au/f...ment/mbrc-plan/maps/v4/om_buildingheights.pdf

 

Also read the information here:

MBRC Planning Scheme - General residential zone

and here:

Information sheets

There is a recent amendment also going through:

https://www.moretonbay.qld.gov.au/f...velopment/mbrc-plan/summary-of-amendments.pdf

As for my own properties in the area (Urban Neighbourhood in Deception Bay and Petrie) I have a range of strategies - just hold, pursue a DA and sell with DA, pursue a DA and develop. Really depends on what the market does and capital I have available.

 

Thanks for a very thoughtful and insightful post. I appreciate it. I didn't know alot about zoning, but your post makes it clear. I have heard good things about Deception Bay and am starting to look seriously at it. Seems a lot of potential there to do alot of things.

 

Intetesting times ahead for Dbay booming apparently...oo buyers starting to move for sea change and crazy prices way above median being paid...agents saying they've never seen anything like it...imagine what's coming when the borders open and the slated 60000 from.sydney and Melbourne finally arrive!

 

I knew this area would go off. Wanted to invest there a few years ago, other half wasn’t keen

 

This is flash! Offers over $749k

https://www.realestate.com.au/property-house-qld-deception+bay-134669774

 

Impressive, every 2nd property seems to have the "sea change" tag on it now

Not sure the below fully applies to dbay ;-) but relevant all the same

Wealthy buyers flock to sea and tree-change destinations

 

Renovations and DAs are active signs of gentrification.

 

Definitely not relevant to D'Bay

 

another upgrade to the MKT shopping centre and Coles is moving in.
Good news for locals as the nearest Coles is currently Burpengary or Kippa-ring

Category: <span> </span> | The Courier Mail

http://pdonline.moretonbay.qld.gov.au/Modules/applicationmaster/default.aspx?page=wrapper&key=1789218

 

Im not showing my kids that place! The dream family home. Can you actually swim at Deception Bay or is it all tidal and full of oysters? We often go and stay in Toorbul for a little break but not really able to swim there just fish and potter around in shallows .

 

I haven't been to the beach at DBay since forever, but you can certainly swim at the beaches along the Peninsula - we regularly visit Suttons Breach and Queens Beach. The rocks are only on the points, with sandy coves in between.
These photos show the beach in front of our place.

 

Yep there's definitely change afoot. I was talking to agents lsst week and they are now getting Brisbane buyers and downsizers moving into the area which hasn't happened before. Apparently the Moreton downs area is the in demand pocket and white hot. Prices around low $400k+ now.

 

They look good for young families. My daughter wont swim in the beaches on GC as she is scared of the waves. Ill have to come for an explore in Christmas holidays.

 

Would you buy it at that price? I would not ..

 

PPOR customers.

Plenty of young Sydney and Melbourne investors bought up in D'Bay and near the Petrie Uni over the last six years. The more recent buyers were expecting to make a killing based on Sydney/Melbourne marketology without having any understanding of the local scene. Now they are suffering from shell-shock, wondering what went wrong.

edited to improve

 

Things have changed quite a bit now... you won't buy much for under $400k in Dbay any more unless you buy older stock. If you bought when prices were low after the floods you would have made 50% by now in most cases.... Similarly near the Uni if you bought anything half decent (Strathpine / Bray Park) in the last 6-7 years you will have made 45% already...and more to come. Not explosive growth but a good return non the less...