Thinking about buying a property in Queensland? With home loan interest rates at record lows, 2021 might be the year to buy a house in Queensland. Flexible, remote working arrangements mean that many Australians are considering making the move away from capital cities to regional cities and towns.
Let’s take a look at some of the top property hotspots in Queensland, outside of its capital city of Brisbane.
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Cairns is a mid-sized city where the Daintree Rainforest and Great Barrier Reef meet the city. Popular with tourists, prospective buyers could think about establishing a holiday rental home, but it’s popular to live in full time too. You get to enjoy the best of city living, without feeling a sense of suffocation that you may experience in larger cities like Sydney and Melbourne.
In typical Queensland fashion, Cairns is hot and humid most of the time, so make sure that air conditioning is on your list when property hunting. Unlike many other Australian cities, winter actually brings tourists into Cairns. The weather this time of year is warm and pleasant, with minimal rain. Cairns is well known for having high rental yields, making it a good possible option for property investors.
The Sunshine Coast is popular with tourists and residents for a reason. This region is bordered by the stunning Glasshouse Mountains and is just a stone’s throw away from Brisbane and the Gold Coast. With day trips galore, pristine beaches and fantastic amenities available, you won’t get bored on the Sunshine Coast.
The region is a top tourist destination, so your investment opportunities are diverse. Noosa Heads, on the northern end of the Sunshine Coast, is a busy spot that could be perfect for buying your next holiday home investment property.
If you’re after family-friendly, relaxed living less than 2 hours from the Brisbane CBD, Toowoomba is the regional city to consider. Toowoomba is continuing to experience development and change. If you’re relocating from a major city, don’t worry - you won’t have to give up your trendy cafes and contemporary art galleries.
Unlike many other Queensland cities, Toowoomba experiences a little more weather variation, so winters can be icy. But life in ‘The Garden City’ is affordable, charismatic and full of character, so you won’t mind a bit. Perfect for living or property investing, the city has low vacancy rates, indicating its growing popularity.
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Unsurprisingly, the glamorous beachside lifestyle at the Gold Coast is proving popular with buyers and renters across the country. From its beautiful beaches, reliable public transport, constant warm weather, and the iconic skyscraper-lined Surfers Paradise, the Gold Coast is Aussie living at its finest.
The Gold Coast is home to Bond University and Griffith University, attracting a younger crowd. Given its growing popularity, especially with young people, property investors would be smart to consider purchasing in the city. Think about buying property that would appeal to a student or young professional, but if families are your target market, you have plenty of options to choose from.
If you want the classic Gold Coast, beachside living experience, we recommend checking out Burleigh Heads, but the central Broadbeach Waters is another popular option.
As one of the most affordable cities in Queensland to buy property, Rockhampton should be on every Queenslander’s radar. Several major state roads meet in Rockhampton meaning that it is easily accessible and well-serviced. If you are looking for perpetual summer, Rockhampton could be the city to consider as it experiences about 300 days of sunshine per year.
While the city is inland, it’s just a 30 minute drive if you want to visit the coast, so you can still opt for coastal living and an easy commute. Rockhampton attracts all kinds of residents, including many students with Central Queensland University having their main campus in the city. Plus, should you wish to fly down to Brisbane, it’s only a 1 hour flight directly from the Rockhampton Airport.
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Mackay may seem like an unlikely choice for this list after experiencing a mining downturn in recent years. However, the small coastal city is seeing promising trends in the property market due to diversification in the local economy and decreasing unemployment. Along with Toowoomba, the city is now home to one of Queensland’s Qantas Group Pilot Academies. Mackay has over $1 billion worth of projects that are currently approved or already underway for development.
Property investors may wish to consider Mackay as an affordable investment opportunity. Mackay combines the feel of an urban and natural setting to provide a relaxed lifestyle to its residents and visitors. It is nestled close to a number of natural attractions, including the Eungella National Park, beautiful beaches and easy access to various islands that form part of the Great Barrier Reef Marine Park.
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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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