Australian Property News

Queensland’s regions hot

Posted on Friday, July 17 2009 at 4:24 PM

If you're looking for a good investment property in a regional area of Australia, Queensland might have what you're after.

RP Data research analyst Cameron Kusher recently identified five regional hotspots for realestate.com.au and two of them were in Queensland.

Nambour was one with a median house price of $335,000 while the other was Vincent with a median house price of $300,000.

Kusher says Nambour is one of the Sunshine Coast's most affordable housing markets, is near both the hinterland and the Sunshine Coast's beaches and is one of only a few suburbs on the coast with its own train station.

Meanwhile he considers Vincent to be one of the most affordable suburbs within Townsville City.

"Although regional markets have slowed in the past 12 months, fundamentally Townsville's long-term prospects are strong because of significant public and private investment and an economy which is supported by a significant army presence and tourism," he says.

Victoria's rural hotspot was Redan with a median house price of $190,000, in New South Wales it was Fairy Meadow with a median of $372,500 and in South Australia Kusher picked Nairne as a hotspot, which has a median of $318,000.

Redan is next to Ballarat and minutes from the major retail and dining precincts, Fairy Meadow is close to both Wollongong and the ocean and Nairne is in the Adelaide Hills, around 40 minutes from the city.