Local real estate investment boost

Jay Fielding

THE local real estate industry has been given a boost by a new report extolling the virtue of investing in Maryborough.

The city has earned a spot in Smart Property Investment’s FAST 50 ranking for 2024.

The report and ranking combine the views of a 14-strong investment expert panel and recent housing performance drawn from open-source data and aim to give insight into the 50 Australian locations best primed for future growth.

With a current median price of $340,000, the report says Maryborough offers an affordable opportunity for home buyers and investors.

Margaret Lomas, the creator, host and producer of web TV property investment show Property Investing Matters, said Maryborough also had significant untapped potential.

“It is placed to enjoy runoff demand from nearby Hervey Bay – long-term opportunity for growth over time, suitable for those wanting low buyin prices and higher yields,” Lomas said. Median quarterly growth of 1.5 per cent and 12-month growth of 17.2 per cent in prices the suburb is steadily gaining attention from astute investors.

As well as good capital growth prospects,