Buy here now: 10 regional Qld hotspots set to boom

The dream of a coast-meets-country escape is still within reach, with new data showing the regional Queensland hot spots where home prices are set to boom.

New data predicts what home prices could be in 2028 in Queensland’s regional suburbs.

• What your home could be worth in five years

The dream of a coast-meets-country escape is still within reach for many Queenslanders, with new data showing the regional hot spots where home prices are set to boom — and some still have medians as low as $300,000.

PropTrack data reveals there are 50 suburbs outside the southeast corner where the median home price is set to climb 60 per cent or more by 2028 if prices continue to grow at the same pace as they have in the past five years.

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Here are 10 regional Queensland suburbs set to boom by 2028:

1. TIN CAN BAY

This four-bedroom house at 130 Toolara Rd, Tin Can Bay, is for sale for offers over $795,000.

Most of the suburbs with the highest projected price growth in the next five years are lifestyle locations in the Wide Bay region, including Tin Can Bay near Gympie.

The median home price — houses and units combined — in the seaside village is forecast to more than double by 2028, according to PropTrack, from $635,000 to $1.3m.

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2. CRAIGNISH

Investing in Craignish now could reap gains of nearly 90 per cent for savvy buyers, according to the data.

The median home price in the small seaside town near Hervey Bay is predicted to jump from $853,000 to $1.6m by 2028 if growth continues at the same pace.

This three-bedroom house at 15 O'Regan Dr, Craignish, is on the market for offers over $550,000.

3. COOLOOLA COVE

Nestled next to Tin Can Bay on the water, only 170km north of Brisbane, Cooloola Cove has mostly been a retirees haven, but that is changing.

The median home price is forecast to climb as much as 86 per cent in five years, from $550,000 to just over $1m.

This four-bedroom house at 11 Lomandra Ave, Cooloola Cove, is for sale for $740,000.

4. EAST TOOWOOMBA

This Darling Downs suburb, only two hours from Brisbane, is full of tree-lined streets and beautifully maintained heritage homes.

The city has seen significant growth in recent years, but that is set to continue, with the median home price tipped to increase from $745,000 to $1.38m.

This four-bedroom house at 6 Shipley St, East Toowoomba, is for sale for offers from $879,950.

5. BURRUM HEADS

With its pristine waters and great fishing only 20km from Hervey Bay, the quiet town of Burrum Heads is poised for growth.

PropTrack forecasts the median home price in the seaside town to rise another 80 per cent in the next five years to $1.27m.

This five-bedroom house at 37 Barramundi Dr, Burrum Heads, is for sale for offers over $950,000.

6. AGNES WATER

The coastal town of Agnes Water in Central Queensland has been discovered for a while now, but there are still capital gains to be made in the market.

The median home price is predicted to jump from $599,000 to $1.07m by 2028, so better get in quick.

This four-bedroom house at 41 Grahame Colyer Dr, Agnes Waters, is for sale for between $879,000 and $925,000.

7. POINT VERNON

On the Fraser Coast, the median home price in the Hervey Bay suburb of Point Vernon is set to grow by nearly 80 per cent in the next five years to hit a median of $1.025m

$575,000 78% $1,025,000

This three-bedroom house at 90 Esplanade, Point Vernon, is going to auction.

8. MARYBOROUGH

There are still bargains to be found in the Wide Bay city of Maryborough, with houses on large blocks available for less than $300,000.

And with growth of 74 per cent predicted for its median home price, an average home will still be an affordable $593,000 by 2028, but there are some good returns to be made in the meantime.

This three-bedroom house at 39 Bazaar St, Maryborough, was advertised for sale for $319,000.

9. YEPPOON

Northeast of the city of Rockhampton on the central Queensland coast, Yeppoon is known for its beaches, tropical climate, and the islands out on the bay.

The median home price, which is currently $520,000, is tipped to increase to $867,000 by 2028.

A three-bedroom unit in this complex at 9/1 Bartlem St, Yeppoon, is for sale for offers over $599,000.

10. BARGARA

The picturesque, seaside town of Bargara, half an hour from Bundaberg, has already recorded significant home price gains in the past five years, but PropTrack predicts the median home price could rise another 57 per cent in the next five years to hit $951,000.

Even in just the past 12 months, the median house price has increased by 13.9 per cent, and there have been 177 house sales in Bargara in the 12 months to May, which is almost as many as have sold in Noosa.

This property at 107 Fairway Drive, Bargara, is on the market for $1.7m.

And agents agree.

Mark Gelsomino of McGrath Bargara is marketing a property at 107 Fairway Drive for offers above $1.7m, which will be the most expensive, non-oceanfront home to change hands in the town if it sells for that price.

“We are seeing no drop off at all with regards to inquiries,” Mr Gelsomino said. They’re still very strong from locals and southern markets such as the Sunshine Coast, Gold Coast, Port Macquarie, Byron.”

PropTrack economist Paul Ryan said some regional Queensland locations still had potential for growth, especially lifestyle locations.

Mr Ryan said investors could use the data projections to research which locations could reap the best returns in the long-term.

“If you’re a long-term investor, think about those areas that are likely to see the most change in terms of infrastructure and demographics going forward,” Mr Ryan said.

Originally published as Buy here now: 10 regional Qld hotspots set to boom