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Whitsundays Is Most Affordable Region In Queensland
The Whitsundays has been named the most affordable place to live in Queensland, followed closely by Mackay, in a study completed by PRD’s Chief Economist Dr Diaswati Mardiasmo.
“Both local government areas tick the boxes for having a much lower median house price than Brisbane Metro, strong investment indicators, a lot of future projects, and looks like not much supply planned,” she explains.
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“Slower price growth is now evident; this makes house prices more affordable and creates opportunities for owner-occupiers and investors.”
This news gives prospective home buyers more confidence in the market and also encourages future growth of our region.
The median house price in the Whitsundays is $440,000 and over the last 10 years there has been a 10 per cent growth.
Meanwhile, Mackay’s median house price is $435,000 and their growth has been 0.5