Southerners flock to regional Queensland's beachside towns in search of the next property hotspot

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Wide Bay News

Property,House Prices,Real Estate

House prices have risen dramatically across the Wide Bay region since 2020 but experts say they are still cheaper than homes in Australia's capital cities.

House prices have risen more than 80 per cent across the Wide Bay region since 2020, but experts say they're still comparatively cheap.A real estate agent says people are looking for "the next Sunshine Coast" and are starting to discover "hidden gems" like Bargara, Moore Park Beach and Burnett Heads.

They swapped their mortgage in Brisbane for an "oasis" with a backyard full of kookaburras and private beach access. He said home values at Moore Park Beach — one of the more affordable coastal suburbs in the Wide Bay region — has risen by 82.5 per cent. "Regional Queensland is mostly an interstate trend rather than being driven by overseas migrants, but overall population growth is still very strong.""The number of new homes that are being built is insufficient to the amount of people coming into the state," Mr Lawless said.

Mr Dempsey said traditionally the region was known for its "slow and steady" market pace, which appeared to be returning after the boom of the pandemic.Sunshine Coast resident James Jenkinson has bought a block of land at Innes Park, on the coast of Bundaberg, and is planning to build a house and relocate with his family.The pipeline plumbing construction company owner said planned infrastructure projects, including a new $1.

Source: Real Estate Daily Report (realestatedailyreport.net)

Property House Prices Real Estate Beach Lifestyle

 

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