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Investment Brief
Generated 12 September 2026

Petrie

Moreton Bay · QLD 4502

Home to the University of the Sunshine Coast's Moreton Bay campus and the 460ha Moreton Bay Central priority development area on the former Petrie paper mill.

Market snapshot

House
Unit
Median price
$980,000
$693,500
Rent / week
$640/wk
$590/wk
Gross yield
3.53%
4.42%
Growth (1yr)
+13.2%
+26.7%
Days on market9 days

Source: Your Investment Property Magazine (CoreLogic)

Supply risk

High supply risk10 major DAs approved

10 major approvals in the pipeline — significant new supply could soften rents short-term before population absorbs it.

~1,260
est. new dwellings

Active infrastructure (1)

The Mill at Moreton Bay (UniSC Moreton Bay campus)Education

The 460-hectare Moreton Bay Central priority development area is transforming the former Petrie paper mill into the University of the Sunshine Coast's Moreton Bay campus (targeting around 10,000 students by 2030) alongside health, retail and residential, projected to generate roughly 6,000 jobs.

Planning & commercial signals (12)

The Mill PDA: New Warehouse Development in Petrie★ Major

This development permit concerns a material change of use for a warehouse within The Mill Priority Development Area (PDA) in Petrie.

Approved · DA/41435/2020/V2NCity of Moreton Bay — DA Register ↗
Major Rooming Accommodation Facility — 301 Beds Proposed in Petrie★ Major

The application proposes a substantial rooming accommodation development consisting of 301 beds alongside an integrated food and drink outlet in Petrie.

Major PDA Mixed-Use Development: 113 New Dwellings in Petrie★ Major

A Priority Development Area (PDA) permit for a large-scale project featuring 90 rooming accommodation units, 23 multiple dwellings, and a food and drink outlet.

Approved · DA/42449/2020/V2KCity of Moreton Bay — DA Register ↗
Multiple Dwelling Development — 48 Units in Petrie

This application requests an extension to the currency period for a previously approved development permit for 48 multiple dwelling units in Petrie.

Approved · DA/32030/2016/VEXT/1City of Moreton Bay — DA Register ↗
Multiple Dwelling Development — 71 Units in Petrie

A development application for the construction of 71 multiple dwellings in Petrie, Queensland.

35 Multiple Dwellings Proposed in Petrie

A development application for 35 multiple dwellings located in Petrie, Queensland.

Subdivision Development — 45 New Residential Lots in Petrie

A development application for the reconfiguration of a lot into 45 residential allotments plus common property in Petrie.

Multiple Dwelling Development — 48 Units in Petrie

A development application for 48 multiple dwellings submitted under a Superseded Planning Scheme in Petrie.

Multiple Dwelling Development — 32 Units in Petrie

A proposal for a Multiple Dwelling development consisting of 32 dwellings in Petrie, submitted under a Superseded Planning Scheme.

Multiple Dwelling and Shop Development in Petrie

A development application for 31 dwellings and an integrated shop component in Petrie.

Mixed-Use Residential and Commercial Development in Petrie

A development application for 48 dwellings combined with food and drink outlets and a shop, submitted under a superseded planning scheme.

Mixed-Use Residential Precinct — Rezoning & Subdivision

Preliminary approval for material change of use across multiple residential and care typologies (dwelling houses, multiple dwellings, retirement/residential care facilities, short-term accommodation, sales office, home-based business, and park). Application includes variation to zoning (General Residential & Recreation/Open Space) and level of assessment, plus subdivision of land into 4 lots with new road.

Summary

Petrie has 1 active infrastructure project, headlined by The Mill at Moreton Bay (UniSC Moreton Bay campus) (under construction). The median house price is around $980k, with auction clearance steady and days on market steady; gross rental yield is about 3.53%.