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Morayfield Shopping Centre is a sub-regional retail property located in Morayfield, approximately 40 minutes north of Brisbane in the City of Moreton Bay, Queensland, Australia. Opened in 1997 and managed by the Leda Group, it spans over 56,000 square meters of gross leasable area (GLA) on a single level, featuring more than 150 specialty stores anchored by major retailers including Coles, Woolworths, Kmart, Target, Big W, and mini-majors such as JB Hi-Fi, Rebel Sport, Priceline Pharmacy, Best & Less, The Reject Shop, and Bargain Central.

Entertainment options include Limelight Cinemas, enhancing dwell time. The tenant mix emphasizes discount department stores, supermarkets, fashion, health and beauty, and services, catering to everyday needs in a convenience-driven format.

Market position: It serves as a community hub for the rapidly growing Moreton Bay region, with a primary catchment of about 100,000 residents within a 10km radius and secondary up to 300,000 including northern Brisbane suburbs and parts of the Sunshine Coast. The area benefits from strong population growth, projected at 2-3% annually, driven by affordability and proximity to Brisbane. Occupancy levels are typically high at around 95%, supported by stable anchor tenants.

Leasing advantages include high-demand permanent spaces with flexible terms, casual pop-up options for low-overhead market testing, and strategic positioning in a high-traffic location near the Bruce Highway. However, challenges include competition from nearby large-format retailers at Morayfield Supercentre (e.g., Bunnings, Harvey Norman) and larger regional malls like Westfield North Lakes, potentially impacting specialty footfall.

Rent levels for specialty stores range from $350-550 per sqm net annually, influenced by location and category, with incentives available for new tenants.

Overall, it offers balanced performance in a growth corridor but requires careful category selection to avoid saturation in discount segments.

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Hours of Operation

Hours

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Monday09:00 AM — 05:30 PM
Tuesday09:00 AM — 05:30 PM
Wednesday09:00 AM — 05:30 PM
Thursday09:00 AM — 09:00 PM
Friday09:00 AM — 05:30 PM
Saturday09:00 AM — 05:00 PM
Sunday10:00 AM — 04:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

171 Morayfield Road, Morayfield, Australia

Insights

Demographic Profile

The primary trade area for Morayfield Shopping Centre encompasses Morayfield and surrounding suburbs in Moreton Bay, with a population of approximately 100,000 within 10km, characterized by middle to lower-middle income households (median weekly income around $1,500). The demographic is family-oriented, with 35% of residents under 15 years old and a high proportion of blue-collar workers in trades and retail sectors. Secondary catchment extends to 300,000+ including Caboolture and northern Brisbane, benefiting from ongoing residential development and migration to affordable outer suburbs. This supports steady demand for value-oriented retail but exposes vulnerability to economic downturns affecting discretionary spending.

Accessibility and Infrastructure

Morayfield Shopping Centre enjoys strong accessibility via Morayfield Road, a key arterial route linking to the Bruce Highway (M1), providing easy connectivity to Brisbane (40km south) and Sunshine Coast (60km north). Public transport includes bus services from Translink connecting to Caboolture and Brisbane, though car dependency is high with over 3,000 free parking spaces (2,795 undercover). Footfall benefits from this, estimated at 4-5 million annual visitors based on similar sub-regional centres, driven by convenience shopping. However, traffic congestion during peak hours and limited rail access (nearest station 5km away) pose minor drawbacks, potentially affecting impulse visits from non-local trade areas.

Competition and Market Risks

The centre faces moderate competition from adjacent Morayfield Supercentre, focusing on bulky goods (Bunnings, Supercheap Auto), drawing comparison shoppers, and larger destinations like Westfield North Lakes (15km away) with premium brands. Market saturation in discount categories is a risk, as anchors like Kmart and Target compete internally and with online alternatives. Regional retail reports indicate Queensland sub-regional occupancy at 94% but with softening rents in non-prime spaces due to e-commerce growth (15% of retail sales). Strengths include low vacancy and community loyalty, but tenants should monitor infrastructure projects like the Bruce Highway upgrades, which could boost access but increase construction disruptions through 2026.

Building Details

Property Type
Shopping Centre
Gross Leasable Area
58,671
Year Built
1997
Parking Spaces
2000
Average Monthly Footfall
500,000
Owner
Leda Commercial Properties Pty Ltd
Anchor Tenants
Kmart, Target, Big W, Woolworths, Coles, Limelight Cinemas

Detailed Market Analytics

Primary Catchment Area
Morayfield Suburb Area
Secondary Catchment Area
Moreton Bay Region Area
Catchment area population
100,000 People
Population growth rate
2.96 %
Median age
39 Years
Household size
2.72 Persons
Education level (tertiary)
18.5 %

Median household income
1,800 AUD per week
Unemployment rate
4.5 %
Cost of living index
98 Index

Retail spending per capita
8,500 AUD per year
Spending on apparel
1,200 AUD per capita per year
Spending on groceries
3,500 AUD per capita per year
Spending on electronics
800 AUD per capita per year

Annual foot traffic
6,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
6,500 AUD per year

Number of retail stores
140 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
3 Competitors per 100,000 population
Tenant diversity
High Level
Unique Concepts
Rewards App and Events Concepts

Gross Leasable Area
58,671 sqm
Number of Levels
2 Levels
Average rent per square meter
650 AUD per year
Vacancy rate
4.0 %
Lease term flexibility
5-7 years Years
Available retail space
1,500 Square meters

Proximity to main roads
Direct access Access
Public transport access
High Access
Parking spaces
2,000 Spaces
Pedestrian traffic
Moderate Level

E-commerce competition
High Level
Click-and-collect adoption
60.0 %
Internet penetration
92.0 %

Retail crime rate
Low to moderate Level
Security measures
CCTV and Guards Measures

Promotional events
Monthly Events
Loyalty program penetration
20.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
3.0 %
New tenant pipeline
Ongoing Pipeline
Mall expansion plans
Potential redevelopment Plans
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Morayfield, QLD

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Morayfield, QLD

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