Are you wanting a change of scenery, or thinking of taking the leap into property investing? Look no further than Queensland, where many people have flocked to in the wake of the COVID-19 pandemic due to an increase in flexible working arrangements and more affordable prices.
If Brisbane house prices feel out of reach, it could be time to look away from the capital city to Queensland’s regional housing markets. In this article, we’ll take a look at Queensland property hotspots for 2022 that could be ideal for owner occupiers and investors alike.
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Located in the Moreton Bay Region and only a short drive from the Brisbane CBD, Caboolture is home to plenty of history and natural beauty. If you want a break from city living but would still like to be close by, Caboolture is the place for you.
Not only is the town still affordable for owner occupiers, but it makes a great place to invest in property too. Caboolture has experienced strong growth, with the state government adding another public school to support the increasing young population. Property investors could take advantage of demand in Caboolture by purchasing a family rental.
Conveniently located only an hour away from the Sunshine Coast and two hours from Brisbane, Gympie is a historic Queensland city that has grown substantially over the last year. Residents and holidaymakers alike are drawn in by Gympie’s country charm and its proximity to unspoiled nature.
Gympie is well-serviced by transport links and amenities, while still being close to larger centres like the Sunshine Coast and Brisbane, making it ideal for people looking for a tree change. But investors can look to Gympie too, with vacancy rates low and rent prices increasing.
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Airlie Beach is known as the perfect base from which to explore the Great Barrier Reef and the Whitsundays, but the town itself has plenty to offer. With a laid back atmosphere and pristine environment, Airlie Beach has got something for everyone.
While the median house price in Airlie Beach is a little steeper than some of Queensland’s other cities, it’s more affordable than its coastal competitors like Noosa or Mooloolaba. The town presents a good opportunity for investors to capitalise on, with rent prices rising in Airlie Beach.
While it’s renowned for being the birthplace of Bundaberg Rum, the coastal city at the southern end of the Great Barrier Reef is also home to spectacular natural wonders and fine food. Attracting plenty of tourists due to the Bundaberg Rum Distillery and Mon Repos turtle rookery, the city is experiencing a surge in the property market.
Bundaberg has maintained low median house prices despite increased government investment in the area and growing sales activity. People looking to buy their own home and move to an idyllic location like Bundaberg might want to get in before high prices are the norm.
A gateway to the Great Barrier Reef and the Daintree Rainforest, Port Douglas has nature at its doorstep. While the permanent population is small, Port Douglas’ proximity to the larger centre of Cairns makes it an ideal place for those wanting the relaxation of a small town without feeling isolated.
Port Douglas is known for its popularity with tourists, so purchasing an investment property to rent out to holidaymakers could be a good way to take advantage of reasonable house prices. Alternatively, home buyers might want to make the most of these prices for themselves, and make the move to the idyllic town.
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While it’s a hub for tourists visiting nearby K’Gari (Fraser) Island, Hervey Bay is also known as a superb location for whale watching and for its picturesque coastline. Nature lovers will be right at home in Hervey Bay, but food lovers won’t have to miss out either with an excellent array of food and wine on offer.
The town is a tourist hotspot, but it’s also seen substantial population growth over the last decade. Hervey Bay is the 10th largest city in Queensland by population, so you’ll be able to experience laid back, coastal living with access to all the services and amenities you’d need. House prices experienced solid growth in 2021, so it might be time to get in before the market booms.
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The information in this post is general in nature and should not be considered personal or financial advice. You should always seek professional advice or assistance before making any financial decisions.
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The Lendi Group Pty Ltd, which is the ultimate holding company of the Aussie and Lendi businesses is owned by numerous shareholders including; banks such as CBA, 1835i (ANZ’s external venture capital partner) and Macquarie Bank, the Lendi founders and employees, and a number of Australian institutional investors and sophisticated investors including UniSuper.
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