Gympie region recorded as second highest increase in Qld house prices

The Gympie region has recorded the second highest quarterly increase in median house prices across Queensland - beaten only by Noosa - according to a new report. See the latest on the property boom here:

The Gympie region has recorded the second highest increase in median house prices across Queensland, according to new data.

A report released from the Real Estate Institute of Queensland on Wednesday revealed median house prices across Queensland have continued to increase between July and September 2021, in what has already been an expensive year for home buyers.

Within that increase, the Gympie region recorded the biggest rise in the Wide Bay with a 10 per cent increase and a quarterly median sale price of $430,000.

This placed Gympie as the LGA with the second highest increase in Queensland, behind Noosa with a quarterly increase of 13 per cent.

Gympie's top selling houses of 2021 so far - 1 Zoe Close sold for $540,000 on May 5 by Niki Meads of Better Homes and Gardens Real Estate Gympie. Photos: Domain

Meanwhile, Fraser Coast median house prices increased by 6.5 per cent with a quarterly median sale price of $426,000, and Bundaberg house prices increased by 6.4 per cent with a quarterly median sale price of $340,000.

The Fraser Coast was named as the LGA with fourth highest increase in Queensland, and Bundaberg was recorded as the fifth highest.

The report stated the Gympie region had recorded a staggering 40.7 per cent increase in house prices over the past five years, out-performing the Fraser Coast with a 28.5 per cent increase and Bundaberg with a 16.4 per cent increase.

REIQ CEO Antonia Mercorella said Queensland’s rising house prices were the result of interstate buyers moving to Queensland and real estate agents looking to cash in on the high demand.

REIQ CEO Antonia Mercorella

“Even as our median prices rise, our state is still demonstrating greater bang-for-buck, with investors looking to make their real estate dollar go further, and southerners making the move keen to lap up our State’s incredible liveability factor,” Ms Mercorella said.

She said it was not surprising Queensland property prices were still booming, given the state’s freedoms in response to the pandemic and great affordability compared to other states.

“With interstate borders reopening and international border opening to come, chances are we could see a flurry of activity and an uptick in demand well into the new year.”