Why Gympie region housing prices are skyrocketing
The CoreLogic Suburb Statistics report has shown housing prices rising dramatically and a large increase of urban buyers relocating to Gympie and Tin Can Bay.
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Gympie continues to shrug off its outdated country town reputation, and has now being showcased as the popular destination for city residents looking for a better life.
New Glenwood resident Adrian Ebens recently extolled on national real estate website Realestate.com the many benefits of living in what he calls “the promised land”.
Realestate.com published an article telling all about Mr Ebens’ move with his wife, Lorelle and son Daniel and their transition from Beenleigh to the Gympie region.
“The first night I slept the whole night. I normally wake up at 8am but I woke up at 6am and I was so fresh, and I thought ‘we made the right decision’,” he said.
According to the CoreLogic Suburb Statistics Report, Gympie regional median house sale prices have jumped from $345,000 in September 2020 to $410,000 in August 2021, increasing by 20.59%.
The same report showed Tin Can Bay’s median house sale price has gone from $321,500 in September 2020 to $412,000 in August 2021, increasing by 28.71%.
Gympie and Tin Can Bay have seen a huge increase of buyers this year, almost doubling the sales per annum.
In August of 2020, 65 people bought homes in Tin Can Bay, and in August 2021 the number was 116.
Century 21 real estate agent Derek Seth told Realestate.com:
“People were coming from ‘all directions’, including Brisbane, the Sunshine Coast and even southern states, with value for money by far the most ‘potent’ reason for the move, followed by lifestyle”.
“They’re looking for a tree change or to get out of the Covid environment down south.”
As the market increases, prices do too.
“We’re seeing properties sold 12-15 months ago that were bought for, say, $300,000, and they’re now selling in a heartbeat for $450,000,” Mr Seth said.
With an independent economy and a fast-growing job employment rate, Gympie is set to become the new hotspot for people wanting to relocate and for investors.
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