REGIONAL QUEENSLAND - LIFESTYLE REGIONS TOPPING THE LIST FOR GROWTH
Regional Queensland has not outpaced Brisbane for price growth however the adjoining Sunshine Coast and Gold Coast have . The Sunshine Coast has topped the list with the median increasing by in excess of $ 200,000 . The Gold Coast has increased by just over $ 180,000 .
The drivers of this growth have been twofold . Very high levels of migration from southern states have been a big one but demand for holiday homes has also played a role . Victoria has played a much bigger role in price increases than prior to the pandemic - we can see this through migration levels , however data collection from our offices in these regions also shows the trend . Anecdotally , more interstate buyers have been purchasing properties sight unseen , likely given the difficulties in travelling to Queensland at the moment .
Beyond South-East Queensland , price growth in dollar terms drops off significantly however all regions are recording some growth . In percentage terms , the increases are significant . The drivers of growth in these regions are also tourism , however mining and agriculture are also driving activity .
Lifestyle regions topping price growth in Queensland
Value change over the pandemic for Queensland
|
State |
Jul-21 |
$ change |
Sunshine Coast |
QLD |
$ 866,227 |
211,790 |
Gold Coast |
QLD |
$ 847,237 |
181,902 |
Wide Bay |
QLD |
$ 372,601 |
78,388 |
Queensland - Outback |
QLD |
$ 226,830 |
69,771 |
Central Queensland |
QLD |
$ 342,425 |
58,610 |
Toowoomba |
QLD |
$ 434,817 |
55,738 |
Cairns |
QLD |
$ 437,266 |
54,645 |
Mackay - Isaac - Whitsunday |
QLD |
$ 373,758 |
48,909 |
Townsville |
QLD |
$ 327,167 |
29,034 |
Darling Downs - Maranoa |
QLD |
$ 254,182 |
22,588 |
17