Petrie is a mid-sized suburb in Queensland within the Moreton Bay local government area (postcode 4502). The area has roughly 8,722 residents and an established demographic, with a median age of 38. Households earn a median income of $96K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Petrie stand at $769,000, having surged by 12.1% over the last twelve months. Units have a median price of $450,000 (+12.5% YoY). The current median weekly rent is $590. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,725.
Petrie is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1004, which is around the national average of 1,000. Public transport access includes 1 rail station, 24 bus stops. The crime rate in the Moreton Bay LGA is moderate at 4,728 incidents per 100,000 population.
Looking at the investment signals, Petrie shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices sit below the state median ($769K/$1.1M), which can point to relative value. The price-to-income ratio of 8.0x is considered moderate. House prices have moved +12.1% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.