Livingstone Shire’s house price jumps almost 15 per cent: See your suburb
New arrivals snap up “magnificent” Capricorn Coast properties for half of what they sold their million-dollar plus interstate homes for. Check out your suburb.
Central Queensland
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Livingstone Shire’s median house prices jumped 14.3 per cent in 12 months as cashed up home hunters snapped up “magnificent” Capricorn Coast properties for half of what sold their million-dollar interstate homes for.
The Real Estate Institute of Queensland (REIQ) report on sales for the December quarter found Livingstone’s median house price hit $720,000 for the year based on 842 sales.
Keppel Sands was the big mover with its price soaring 32.8 per cent to $520,000 from 18 sales while Kinka Beach enjoyed strong growth rising 22.65 per cent to reach $730,000. Lammermoor with 76 sales moved up 8 per cent to reach $772,500 while Mulambin was almost steady at $740,000 with a 1.3 per cent drop (27 sales).
Barmaryee pushed its price tag to $1,150,000 with a 9.8 per cent rise on thin sales of 13 homes while Bungundarra edged into the million dollar club with a 19.9 per cent jump to $1,025,000 but again on low volume of 1o sales.
REIQ Zone chair Noel Livingston said the Capricorn Coast market was in demand with a “significant top end”.
“It has a lot of people coming from the south (interstate) and buying properties, that are magnificent, for half what they sold their house in Sydney (and other expensive centres) for,” he said.
“They’re getting the beachfront, magnificent views and beautiful homes.
‘The difference in the market there (compared to the investor focus on the Rockhampton Region) is that it has the investment part of it too, but there’s a very strong lifestyle aspect to the coast market.”
He said as well as impressive sales there was also noted uplift in the number of high-quality new home builds.
“As you drive around down the coast now, the amount of new homes that are significant in size and quality that are being built is amazing,’’ he said.
Of the major Livingstone centres, Emu Park’s median house price edged up 3 per cent to $669,500 (56 sales) while Yeppoon recorded 141 sales with a 9.45 per cent increase to $660,00.
However there was a significant lift in the Yeppoon market during the December quarter with a medium sale price of $750,000 from 33 sales in that three-month period.
Cawarral was another big mover in 2024 leaping 23.1 per cent to $787,900 from 16 sales.
There were 10 sales in beachfront Bangalee for a median price of $775,750 (no annual change generated).
The data is provided by the Real Estate Institute of Queensland based on CoreLogic Data.
- A median sale price is derived by arranging a set of sale prices from lowest to highest and the selecting the middle value within this set (i.e. the 50th percentile, where half of recorded sales were less and half were higher than the median).
- Only suburbs and regions to record sufficient sales numbers (at least 10 sales for the quarter) at the time of reporting are considered statistically significant.