Regional QLD property markets back in business with buyers

first_imgTownsville’s housing market is experiencing a pick-up in demand. Photo: Megan MacKinnon.ONCE down and out, regional Queensland property markets are back in business with buyers, with some areas recording a surge in demand of more than 50 per cent in a year.New research from reveals a strong pick-up in interest in houses and units in the main regional centres in the north and centre of the state.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREEvery regional local government area in the state experienced a pick-up in demand in the past 12 months, except the Gold Coast, which appears to be experiencing a post Commonwealth Games hangover, according to the Property Outlook report.Surfers Paradise on the Gold Coast.But with very high demand in some Gold Coast suburbs, that was likely to be short-lived, particularly given how popular the region was with Sydney-based property seekers, the report noted.Gladstone experienced the biggest jump in demand in the past year, with interest from potential buyers rising close to 40 per cent.HOME FIT FOR HARRY AND MEGHANBoats moored at the Gladstone marina.Bundaberg and the Fraser Coast both enjoyed an increase in interest of more than 30 per cent in the past 12 months.Even Townsville, where high unemployment has weighed heavily on the housing market, has made a solid recovery — up nearly 11 per cent.GOLD MINE FOUND IN BRISBANE BACKYARDTownsville’s housing market is recovering. Picture: Megan MacKinnon.REA Group chief economist Nerida Conisbee said the end of the mining downturn and government investment in locations like Gladstone had helped boost regional housing markets.Ms Conisbee said government grants could have a significant effect on a regional location.“It allows more jobs to be created and that flows through to housing demand,” she said.The change in fortunes is a welcome reprieve for regional homeowners and investors who could only sit back and watch as their once valuable investments tumbled, in many cases, to less than a quarter of their sale price during the mining boom.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours agoDEMAND FOR HOUSES AND UNITS IN REGIONAL QLD IN PAST 12 MONTHSLGA Property views per listing (last 3 months) Year on year changeBUNDABERG 401 30.2%CAIRNS 825 6.5%DOUGLAS 470 19.3%FRASER COAST 673 33.8%GLADSTONE 434 39.1%GOLD COAST 1173 -9.1%GYMPIE 657 32.2%MACKAY 574 31.1%NOOSA 1795 24.2%ROCKHAMPTON 360 5.6%SUNSHINE COAST 1328 6.5%TOOWOOMBA 682 4.8%TOWNSVILLE 578 10.9%(Source: read more