Information Corp Australia Community
There are a lot of champions of the waterfront enclave locals affectionately know as ‘D Bay’.
“Double Bay? No, that is Deception Bay, the opposite D Bay,” native resident Dave McDonald mentioned at a latest public sale.
“They used to name it Despair Bay earlier than they constructed the police station down the opposite finish of D Bay. It was a little bit of a tough place however they bought the police station in and tidied it up.”
The fast-developing suburb is now thought-about a progress space for funding with residential developments round Rothwell and North Rise giving the suburb a extra family-friendly focus.
SEE WHAT’S FOR SALE IN DECEPTION BAY
With a median home worth of simply over $600,000, it is a suburb that may nonetheless provide affordability, regardless of home values rising by 22 per cent in 12 months.
“Home costs right here are usually not going to go backwards, no means. How can they if you end up this near the water?” Ray White Deception Bay Principal Leslie Robins mentioned.
“Go all the way down to the waterfront. It’s completely gorgeous.
“As quickly because the web got here and folks have been sitting down there in Double Bay (in Sydney) and had a have a look at waterfront right here for $150,000. It revolutionised issues right here a little bit bit.”
There’s a $4m distinction within the present median worth of homes between the 2 D Bays, however Moreton Bay locals know the place they’d want to reside.
“I bought out of the Air Pressure and settled right here in 1988,” Mr McDonald mentioned. “I’ve had 4 boats … was going to purchase one other however we purchased a caravan as a substitute and are occupied with travelling. However we love this place.”
Ray White Deception Bay lately took 18 Webster Rd to public sale and the property initially handed in earlier than promoting 20 minutes later for $670,000 to a purchaser whose finance had simply come via.
“Rates of interest are decreasing the sum of money individuals can borrow so it’s undoubtedly having an affect available on the market however the suburb can truly triumph to a sure extent over this by how enticing it’s. And traders listed below are very sturdy. This can be a terrific place to speculate.”
Deception Bay is lower than 40km north of Brisbane and is accessible by automotive and bus.
It’s bordered by the waters of Moreton Bay to the east, Burpengary to the north, Narangba to the west and Dakabin and Rothwell to the south.
The suburb is well-liked with households, professionals, retirees, singles and college students.
Greater than 20 per cent of the suburb is parkland and there are a choice of private and non-private colleges within the neighbourhood.
Suburb: Deception Bay
Median age: 51
Median home worth: $605,000
Median unit worth: $500,000
File home worth: $1.94m in September 2021
Median rental earnings: $300 for a 3-bedroom home
Variety of properties on the market: 42
Variety of properties for hire: 12
Sources: realestate.com.au/PropTrack month-to-month Market Traits report/ABS