Strength in Local Property Market

The Capricorn Coast property market is experiencing a sustained surge despite significant interest rate hikes.  While there are a number of contributing factors, it's worth noting that around 60% of @ Real Estate buyers are from out of town.  The excitement of these out-of-town buyers as they fall in love with the Capricorn Coast echo’s with some common feedback;

 The @ Real Estate Sales Team are constantly hearing out of town buyers say things like “Its so cheap here compared to other coastal areas” or “This is the cheapest coastal real estate on the east coast” etc.  So we have done some research and were interested to find, the median sales price for Airlie Beach was $784 000, Seventeen Seventy median sales price was $1 100 000 and Agnes Waters $725 000, and Bargara’s median sale price was $620 000, and Urangan (Harvey Bay)’s median sale price is $580 000.  When Yeppoon’s median house price sitting at $550 000 and Emu Park’s Median sale price at $548 000, It's easy to see why home buyers are finding the Capricorn Coast great value.

 While affordability is one of the primary reasons the Capricorn Coast property market is expected to continue to grow, it's not the only reason. The region is also experiencing continued population growth, with 2,234 new residents per year moving to the Livingstone Shire. This influx of people has led to an annual need for approximately 912 new homes to be built to keep up with the expected population growth. The last housing approval numbers available between July 2022 and January 2023 suggest only 137 dwellings were approved for Livingstone, indicating a growing housing shortage.  

The area offers a beautiful beachside lifestyle at an affordable price, coupled with a growing local economy and a range of amenities. These factors, along with the rising demand for housing, suggest that the Capricorn Coast property market will continue to go from strength to strength in the coming years.