Queensland’s cheapest cities see demand skyrocket

This latest CoreLogic data named Paroo the cheapest city in the Queensland to buy a home, with a median price of just $80,000, followed by Flinders ($100,000), Quilpie ($107,500), Blackall-Tambo ($ 120,000), Murweh ($125,000), and Barcaldine ($148,500). Quilpie Council director Justin Hancock, who achieved national fame after offering 1,000-square-foot blocks for $12,500 along with a $12,500 Home Builders Grant — effectively freeing up land — said overwhelming demand had pushed land prices up. He said Monday (Jan. 17) was the final settlement date for seven blocks that went under the hammer last month and sold for between $30,000 and $50,000 each. Final bids were as much as double what the council sold ten years ago in 1,000-square-foot blocks, times last year’s special discounted offer. u the blocks on the open market, testing the market value through auctions. That’s where prices bounced back between those $30-50k.” CoreLogic found that Quilpie also had the second-highest level of seller discounts in Queensland last year, with original asking prices slashed by 15.1 percent for established homes sold there. It was only smashed to the bottom by Barcaldine, where sellers offered -15.4 percent off asking prices. Cheap Towns in Qld: CM “We keep hearing about overwhelming housing and land shortages on Australia’s east coast and migration to Queensland from NSW and Victoria estimated at 40,000 people. We’re looking at people looking to move west … in Quilpie we’ve got all the have had no lockdowns,” said Mr Hancock, who moved into his new home just six months ago after months in a retirement home due to a housing shortage. 15 blocks of Quilpie community land were available, in addition to several private blocks. “This $12,500 grant is available for all vacant homes, so it’s also an incentive for those who previously bought land and haven’t built it.” combine community and state funds to turn an old work depot into a new mansion. “It’s intended for retirees with a small courtyard, shared open space or young professionals wanting to enter. We try the type of accommodation offered.’ “The Council will submit that,” he said. “We are going through that now, we don’t have any prizes yet. The Council’s view is that we see the need for it and the growth it will encourage in our community, so we want to contribute financially to it together with the state government. are priced around the teens — $15-18,000 — but they’re getting harder and harder to find as demand for new home sites rises. The latest properties on realestate.com.au show that the cheapest plot of land on the market — a title held for a month by Quilpie council blocks at $12,500 — was now $15,000, a price set on a 1,619-square-foot block. in Longreach and a 1,022-square-foot site in Muttaburra. There are three blocks costing $17,000 in Mount Isa – ranging from 637 sq. ft. to 675 sq.

Google News Follow 1
Queensland's cheapest cities see demand skyrocket 2

Give a Comment