QLD real estate: Where the value of your home has grown 30pc

City slickers are turning their backs on the big smoke with some Queensland regions recording 30 per cent house price growth in 12 months. FIND OUT HOW MUCH YOUR HOME IS WORTH.

Semi-rural acreage properties like this one at Cooroy have been super popular since Covid-19.

City slickers are turning their backs on the big smoke in search of cheaper mortgages and better lifestyles with some remote Queensland locations recording house price growth of more than 30 per cent over the past year.

The Noosa hinterland suburbs of Pomona, Cooran and Cooroy have been the biggest winners of the housing boom in the past 12 months, according to new suburb-by-suburb home value data from CoreLogic.

This property on 1342 sqm at 38 Lake Macdonald Drive, Cooroy, is on the market.

Hot on their heels are the rural localities of Kandanga, Kilkivan and Victory Heights in the Gympie region, where house prices have jumped a whopping 30 to 35 per cent, but are still extremely affordable.

The median house price in Gympie is $345,885, while in Victory Heights, it’s only slightly more expensive at $404,941.

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This property at 10 Glynn Place, Gympie, is for sale for offers over $540,000.

Beachside Sunshine Coast suburbs like Caloundra, Marcoola, Buddina and Birtinya have also recorded strong growth, while Currumbin Valley and Mermaid Beach on the Gold Coast have been standout performers.

CoreLogic head of research Eliza Owen said the normalisation of working remotely had enabled many people to make their ideal sea-change earlier than expected.

This property at 3 Gympie Connection Road, Victory Heights, is on the market for offers over $990,000.

“(These areas) present a very different lifestyle for people looking to escape extended lockdown conditions,” she said.

“I think, potentially, (people are looking for) a more affordable, achievable lifestyle, given some of those waterfront suburbs can be very expensive.”

This acreage property at 125 Bergins Pocket Road, Kandanga, is for sale for offers over $1.5 million.

Property analyst Terry Ryder from hotspotting.com.au said the exodus to a more affordable lifestyle was a trend that had been exacerbated by the pandemic.

“Pre-Covid, living in a regional town and working for a city-based company may have

seemed impossible, but the past 12 months has shown both employees and employers that

they can effectively work from home and no longer need to battle peak hour traffic to be

productive,” Mr Ryder said.

Mr Ryder said regional areas offered owner-occupiers and investors more bang for their

property buck.

This property at 15 Rectory Street, Pomona, is on the market for offers in the high $900,000s.

Herron Todd White director Stuart Greensill said the Gympie region had “really done well” over the past six to 12 months.

“Affordability and value for money are the drivers in this region and the improved highway has helped to connect to the coast, letting buyers make the shift up north,” he said.

Further south, he said housing estates like Aura at Caloundra South and Harmony at Palmview were generating strong interest and sale results from both owner-occupiers and investors.

CoreLogic head of research Eliza Owen.

TOP GROWTH SUBURBS FOR JUNE QTR IN QLD FOR HOUSES

Suburb June quarter growth 12 month growth Median house price

Caloundra 14.7%28.8% $781,058

Aroona 12.6%24.1% $789,762

Birtinya 12.4%22.2% $844,874

Buddina 12.3%25.6% $1,315,587

Caloundra West 11.9%21.5% $663,618

Currumbin Valley 11.9%32.4% $1,458,031

Minyama 11.9%24.9% $1,510,426

Bokarina 11.8%24.9% $1,161,523

Wurtulla 11.8%24.2% $895,832

Moffat Beach 11.5%22.7% $1,069,452

(Source: CoreLogic)

TOP GROWTH SUBURBS OVER 12 MTHS FOR HOUSES IN QLD

Suburb 12 month growth Median house price

Pomona 36.1% $782,816

Marcoola 35.6% $1,032,184

Kandanga 35.4% $546,203

Cooran 34.9% $689,196

Rainbow Beach 34.3% $561,151

Noosaville 33.2% $1,579,563

Victory Heights 33.0% $404,941

Jones Hill 32.3% $501,960

Cooroy 32.2% $785,246

Gympie 32.2% $345,885

(Source: CoreLogic)

TOP GROWTH SUBURBS FOR JUNE QTR FOR UNITS IN QLD

Suburb June quarter growth 12 month growth Median unit price

Fraser Island 21.4%34.3% $250,364

Southside 16.5%30.6% $282,744

Gympie 13.5%26.0% $291,520

Twin Waters 12.5%17.9% $827,300

Mudjimba 12.0%23.5% $624,817

Pimlico 11.5%-9.2% $193,280

Alexandra Headland 11.1%20.0% $579,356

Highland Park 11.1%16.7% $368,233

Mooloolaba 11.1%19.5% $613,845

Marcoola 10.7%22.4% $542,363

(Source: CoreLogic)

TOP GROWTH SUBURBS OVER 12 MTHS FOR UNITS IN QLD

Suburb 12 month growth Median unit price

Fraser Island 34.3% $250,364

Rainbow Beach 32.0% $375,836

Southside 30.6% $282,744

Coolangatta 26.2% $826,848

Currumbin 25.6% $745,887

Broadbeach 24.1% $683,742

Bilinga 22.4% $758,971

Alexandra Headland 20.0% $579,356

(Source: CoreLogic)

Originally published as QLD real estate: Where the value of your home has grown 30pc