According to The Australian Financial Review, Queensland’s Whitsunday, Mackay and Toowoomba local government areas lead the country in a top-10 ranking of regional areas that offer affordable homes and have an economy and investment pipeline that mean prices will rise in years to come.
The major regions in the Sunshine State’s coastal north and south-east stood out as regional markets that at the end of 2020 had a median price within reach of buyers with the average state loan and a 20 per cent deposit, agency PRD’s Stand Out Regions analysis shows.
Whitsunday, for example, had a median house price of $375,000 at the end of last year – a realistic price point given the Queensland average loan of just over $438,000, and well below the Brisbane median of $570,000. Mackay and Toowoomba both had a median house price of $380,000.
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