Regional Queensland has experienced a four year home value growth of 66.5 per cent
House prices across South West Queensland have seen strong growth in the past four years. Here’s where the biggest jumps have been, and where you can still get a bargain.The price of Dalby homes has risen 16.95 per cent since 2023
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Recent data has revealed regional Queensland to have the country’s highest property value growth in the past four years, with price rises of 66.5 per cent.
According to the latest PropTrack Market Insight report, national home prices have climbed 39.9 per cent in the four years since the global pandemic, but regional Queensland has outpaced even that.
The growth has been attributed to strong population boom, a tight rental market and a decade-low construction rate creating a supply and demand imbalance.
The past four years Queensland has experienced an unprecedented influx of new residents from across the country and international migrants and has six of the top 10 highest growth regions since March 2020.
In the last year Brisbane experienced a 12.9 per cent house price increase while the rest of Queensland saw 10.8 per cent.
This increase was observed at an even greater rate in South West Queensland.
In Dalby the median sale price is now $345,000 up a staggering 16.95 per cent from 2023 and 22.61 per cent in the last four years.
This massively exceeds the national average from March 2023 of 6.79 per cent, however home prices remain far below the Australian average of $485,000.
Meanwhile Dalby renters can expect to pay $425 a week compared to the national average of $325.
Chinchilla experienced a similar trend with a 15.5 per cent property value jump in the past 12 months with home buyers expected to purchase a home for an average of $335,000.
Just four years prior the average Chinchilla home was valued at $238,000 representing a 28.85 per cent growth.
In Warwick the median property price for a house is currently $380,000 with annual capital growth of 5.19 per cent and a four year growth of 33.3 per cent.
Roma also saw significant growth with a 12.3 per cent in the past year with average house prices sitting at $320,000 while the four year growth is 28.3 per cent.
The average rent across Dalby, Roma, Chinchilla and Warwick has also risen 10.57 per cent.
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Originally published as Regional Queensland has experienced a four year home value growth of 66.5 per cent
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