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Why Invest in the growing attractive bayside suburb of Newport

 

Newport

Newport due to the suburb’s premier waterfront location and the abundance of surrounding amenities.

Residents of the community will have easy access to :

  • Bruce and Houghton Highways
  • Kippa-Ring train station
  • Brisbane airport
  • Brisbane CBD
  • North Lakes

It is also close to some of Queensland’s best hospitals (Redcliffe & Caboolture Hospitals), education facilities (University of the Sunshine Coast) and retail stores (Ikea, Costco, Westfield & Bunnings).

Employment Generators North Lakes Commercial Hub

Redcliffe Commercial Hub

Strathpine Commercial Hub

North East Business Park

Brendale Industrial Hub

Transport Kippa-Ring train station

Bus Networks

Education Hercules Road State School

Southern Cross Catholic College

Mueller College, Grace Lutheran College

Redcliffe TAFE

Retail Proposed Newport town centre

North Lakes retail precinct

Peninsula Fair Shopping Centre

Redcliffe retail and dining precinct

 

Newport is where the city meets the sea in an ideal fusion of worlds; close enough to see Brisbane’s skyline at night but far enough to escape the hustle and bustle of a capital city. One of the most appealing features of Newport is the variety of amenities that are available to residents along with its accessibility to the Brisbane CBD.

There is a wealth of opportunity to embrace the outdoors at Newport, with a 2.9ha eco-corridor and five proposed parks and playgrounds, four of which are on the waterfront proposed for the Newport mater planned community alone.

Newport typifies all that is desirable about bayside living; a perfect blend of convenience with the lifestyle opportunities provided by the proximity to the coastline.

Newport’s robust residential real estate market is evidenced by the fact that its current median house price of $908,000 is similar to highly desirable, blue chip suburbs of Brisbane like Bardon, Auchenflower and Taringa.

The table below represents the distance from Newport to various transportation, retail, healthcare and education facilities in the surrounding area.

Transport
Kippa-Ring Train station 800m
North Lakes Train Station 10.0km
Retail
Kippa- Ring Shopping Centre 2.2km
Peninsular Fair Shopping Centre 2.5km
Dolphins Central Shopping Centre 2.9km
Redcliffe retail and dining precinct 4.0km
Bunnings Rothwell 4.0km
Blue Water Square 5.1km
Rothwell Zone Shopping Centre 5.9km
Margate Shopping Centre 6.4km
North Lakes retail precinct 9.7km
Westfield North Lakes 10.1km
Ikea North Lakes 10.5km
Healthcare
Redcliffe Hospital 4.8km
Rothwell Medical Clinic 4.5km
Moreton Bay Medical Centre 2.2km
Peninsula Private Hospital 3.2km
Caboolture Hospital 25.8km
Education
Hercules Road State School 2.4km
Australian Trade College 2.5km
Kippa-Ring State School 2.6km
Southern Cross Catholic College 3.0km
Redcliffe TAFE 3.8km
Grace Lutheran College 4.5km
Mueller College 4.9km
Goodstart Early Learning, Rothwell 5.6km

 

ECONOMIC GROWTH

 Infrastructure

A range of infrastructure projects are underway or due to commence in the near future around Newport. These projects will not only increase the popularity and liveability of the suburb, they will also improve employment opportunities for the local community during the construction and delivery phases.

One of the most important infrastructure projects is the Moreton Bay Rail Link, the $1.2billion project opened in October 2016 and has greatly improved accessibility to and from the suburb. The new rail project included the construction of new stations at Kallangur, Murrumba Downs, Mango Hill, Mango Hill East, Rothwell and Kippa-Ring and provides a significant public transport link between Redcliffe and the Brisbane CBD as well as vital infrastructure connecting the major growth corridors of North Lakes, Mango Hill and Murrumba Downs with employment opportunities.

The redevelopment of the Petrie Mill is another upcoming project that will improve the attractiveness of the Moreton Bay Region for residents and investment appeal. This strategic site has been nominated as a Priority Development Area by the Queensland State Government. With the University of the Sunshine Coast campus at its core, the project is planned to open by 2020, improving access to tertiary education for residents of the Moreton Bay Region. Some 10,000 students are projected to be studying at the university within the first 10 years of operation, with an estimated 2,800 workers also required.

The Caboolture Hospital upgrade is a $17million project dedicated to expanding the number of beds at the hospital to 265, as well as improving parking arrangements to cater for the growing Moreton Bay Region population.

 

Economic & Employment Growth

Gross Regional Product (GRP) within the Moreton Bay Region is estimated to be around $13.22billion, a figure that has increased consistently over recent times, reflecting stronger investment, business and growth opportunities. A sustainable, growing economy and skilled labour market are key drivers of strong residential demand, and the Moreton Bay Region is well positioned from this perspective.

 

Employment Nodes

The new Moreton Bay Rail Link has greatly improved access to various employment nodes within the region, including those living at Newport. Key employment nodes in the region include:

  • Redcliffe Hospital
  • Caboolture Hospital
  • North Lakes Commercial Hub
  • Redcliffe Commercial Hub
  • Strathpine Commercial Hub
  • North East Business Park
  • Brendale Industrial Hub

 

MARKET COMPARISONS

High Value Established House Sales in Newport clearly indicate the value premium that is attached to the Newport market

This market evidence indicates the great opportunity afforded by new development to purchase quality freehold dwellings at affordable values within a higher value real estate market with premium homes selling from $1.2m – $1.3m and other homes in Newport are selling for $500k to $600k

New House and Land Packages are being marketed for $440k to $700k depending on Lot size and dwelling being built

 

NEWPORT MASTER PLANNED STOCKLAND COMMUNITY

The Newport master planned community is strategically positioned at the northern end of the vibrant Redcliffe Peninsula, in a prime position on the foreshore of Moreton Bay. The site acquired by Stockland in the suburb of Newport is approximately 143 hectares and will allow for close to 1,700 new homes to be built and consequently 5,400 new residents.

The $590million waterside community has added substantial value to the region and introduced an entirely new demographic to the area. Through developing this unique project, Stockland have successfully created their own market, with purchasers recognising the immediate value that is added to their investment just by being in a master planned community created by a company as reputable as Stockland.

The waterfront position of the Newport master planned community fosters a relaxed lifestyle, while the shops and amenities that are proposed in the master plan will enable residents to enjoy all the benefits of living in an appealing urban environment close to everything.

Construction on this stunning master planned community commenced in early 2016 with first residents likely to begin moving in from mid-2017. With the new Kippa-Ring train station and public bus services just a short walk away, residents can conveniently access the Brisbane CBD whilst still enjoying the coastal lifestyle.

 

STOCKLAND’S REPUTATION

As one of Australia’s leading property groups, Stockland has been creating developments that meet the needs of their customers and communities for more than 60 years, including residential communities, retirement villages and retail destinations.

Stockland not only believes strongly in environmental sustainability; it is also dedicated to social sustainability; they create localities where communities thrive.

The Newport master planned community has been designed, developed and evaluated against the Green Star rating system across the five impact categories of Governance, Liveability, Economic Prosperity, Environment and Innovation, ensuring it will continue to thrive and meet the standards for sustainable, contemporary living for many years to come.

 

Newport Snapshot

Newport is a residential suburb located at the top end of the Redcliffe Peninsula within the Moreton Bay Region. The suburb is well renowned for its coastal location, canal/waterfront living options, boating access and highly desirable residential real estate market.

  • Newport is an enviable location, as not only does it contain waterfront access, it is also well positioned in terms of proximity to key employment nodes, amenities and transport infrastructure
  • For example, the suburb is located just 800m from the recently opened Kippa-Ring train station which has improved access to key locations including Brisbane, is a short 12 minutes’ drive from the key North Lakes commercial hub and only 29km from the Brisbane Airport
  • Additionally, the suburb is close to numerous recreational facilities, cafes, restaurants and health care services
  • Newport’s robust residential real estate market is evidenced by the fact that its current median house price of $908,000 is similar to highly desirable, blue chip suburbs of Brisbane like Bardon, Auchenflower and Taringa
  • The premium achieved by the Newport residential market over the wider Moreton Shire is highlighted by the chart below

 

Newport Vs Moreton Bay – Detached Median House Price Comparison

Source: PriceFinder

 

  • In 2014, Australia’s largest residential developer, Stockland, purchased the remaining 143ha of land from the original developer of Newport to complete the vision for the area and deliver a first-class master-planned community
  • The Newport community is strategically positioned at the northern end of the vibrant Redcliffe Peninsula and located in a prime position on the foreshore of Moreton Bay
  • Upon completion, Stockland’s Newport community will have delivered the following:
    • 1,700 new homes for 5,400 residents
    • 23 ha lake with a navigable lock and high mast access to Moreton Bay
    • A village centre
    • Multiple open spaces connected by kilometers of pathways and bikeways
  • Construction of the Newport community commenced in early 2016 and Stockland’s house and land offerings have been extremely well received by the market to date, with approximately 200 blocks of land being sold in a short period of time for strong values
  • It is envisaged that demand for residential dwellings in the Newport community will remain strong in the future, not only for the obvious key reasons noted above, but also as the supply and demand equation transitions in the southern end of the Moreton Bay Region
  • As land supply in the highly desirable southern end of the Moreton Bay Region becomes further constrained, especially in areas like North Lakes and Mango Hill, it is most likely that residential demand for quality master-planned communities like Newport, that maintain the ability to service this demand with the availability of supply, will continue to intensify

 

 

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