Nine Queensland cities are tipped to return more bang for buck than star performers Sydney and Melbourne — and they’re about 50 per cent cheaper too.
Latest analysis by market research firm Propertyology found 39 growth locations where median house prices were less than $400,000 but whose returns were expected to beat the southern capitals.
Propertyology managing director Simon Pressley said the list included nine in Queensland, four in Tasmania, five in South Australia, eight in Victoria, nine in New South Wales, three in Western Australia and one in the Northern Territory.
“I am not a betting man however, each of these 39 locations have a superior three-year outlook to Sydney and Melbourne,” he said.
The Queensland suburbs were expected to come out strong.
“All things being equal over the next three years, both Sydney and Melbourne might be flat out producing 10 per cent cumulative price growth whereas Propertyology believes that each of the nine Queensland locations have potential to exceed that”.
Ipswich and Logan in the greater Brisbane region were on the list of top growth areas where the median house price was less than $400,000, as were Rockhampton, Bundaberg, Hervey Bay, Mackay, Townsville, Toowoomba and Cairns. Source: news.com.au
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A beautiful masterplanned estate in the heart of the booming Logan growth corridor.
Close to shopping, public transport and the central business districts of Beenleigh, Logan and Springwood, Highlands balances nature with convenience.
With easy access to the M1, the estate is ideally positioned, with the Gold Coast just 35 minutes south and Brisbane CBD 30 minutes to the north.
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