Developers have lodged a proposal to build a 14,012 square metre Bunnings in the SunGATE Business Park, known as the The Big Fish, on Pumicestone Rd in the Moreton Bay Region.
According to the development application from Eildon Funds Management, the Bunnings alone would create 250 jobs during construction and 150 jobs once open and trading.
A McDonalds, Red Rooster, pub, service station and shopping centre have already been approved at the site.
The application said the store, beside the Bruce Highway about 5km north of Caboolture’s CBD, would cater to a series of trade areas, which would generate demand for $141m in hardware and related goods in 2022.
A neighbourhood shopping centre was approved for the SunGATE site in 2017, with work due to start in 2020 or 2021, while a McDonald’s is due to open there in mid-2020.
Richardson & Wrench Real Estate, Caboolture Principal & Licensee, Scott Lachmund expressed his excitement at the announcement.
“I get excited about real estate, and when we see this growth coming to the area, particularly Caboolture North, there’s quite a corridor between where you come over the train tracks at Pumicestone Road, right up to the Bruce Highway overpass,” Mr Lachmund said in the video above.
“There’s still so much room for improvement and growth in this Elimbah, Caboolture North catchment,” Mr Lachmund stated.
Hi, Scott Lachmund, Principle and Licensee of Richardson & Wrench Caboolture. We’ve been selling in the area since 1994. Today viewers via 4510TV platform, bringing you this exclusive. You’ve probably heard the last couple of days and seen on social media, a big announcement, bunnings is coming to Pumicestone road at Caboolture. A second Bunnings warehouse for our area. Along with other retailers, we believe also a shopping centre with retail stores, and another big set of Golden Arches, McDonald’s also coming to the site here.
We’ve got some overlay footage as I’m talking. It’s a big area and the locals would know it used to be a nine hole golf course, it used to have go-karts, it used to be a function centre, but now home to the Big Fish Tavern, Caltex Service Station, Red Rooster, and now these big retailers with one of them being Bunnings Australia.
I get excited about real estate, and when we see this growth coming to the area, particularly Caboolture North, there’s quite a corridor between where you come over the train tracks at Pumicestone Road, right up to the Bruce Highway overpass. There’s still so much room for improvement and growth in this Elimbah, Caboolture North catchment.
The growth of houses is going to be exciting. I know over the last 12 months from my own independent research, we’ve seen house prices grow in this catchment up to 3%. So to give the viewers a quick summary, if the house was worth $500,000 12 months ago, it’s worth $515,000 today. If it was worth $600,000, it’s worth $618,000, $620,000 today. So there is growth in prices in the Caboolture North, Elimbah catchment. There’s still a lot of residential happening. We’ve got the Reserve Estate. We’ve also got where Drake’s Medical Centre, and Newsagency has also established, plus the Pumicestone State School in the last couple of years. All of these facilities and all of these services are here for the population growth that we are expecting.
So right now, if you’re an Elimbah resident or Caboolture North resident, good news for you, you’ve just gained some overnight equity with these big retailers coming to town. But for those looking to invest in the area, get I now before prices increase. As I said, almost overnight, we’ll see an increase in the Elimbah catchment based on my own independent research and my experience of selling Caboolture real estate for 26 years.
If you want to know more about this area, what’s happening at the Big Fish precinct, give me a call. You can call me directly at the office 5498 9800. I’d be more than happy to share some information, that may not be as public just yet. And if you caught me on the Channel 7 News through the week, I was providing an update about Caboolture West. Again, if you want to hear it from a local, reliable source of what’s happening in our region, give me a call, Scott Lachmund. I think the viewers know me by now Richardson & Wrench Real Estate.
I’d rather give you the correct real information. Don’t listen to your neighbour. Don’t listen to the dog down the road. Don’t listen to a Brisbane real estate agent. We are local, we live here, we live and breathe real estate every day in Caboolture. And I’d rather give you the real facts Caboolture West is going to happen, but it’s some time off yet. If you want details on that, give me a call.
I’m excited about the North Corridor, servicing Elimbah residents and Caboolture North. Any information about the growth of area, or if you’re interested in buying 5498 9800.