Gympie, Regional Queensland
Gympie is benefiting from its proximity to the rising Sunshine Coast economy and the improved highway links between the two locations.
Gympie is a small regional city and administrative centre for the Wide Bay-Burnett region of Queensland.
It has been a good performer on capital growth in the past, but in recent years market performance has been impacted by multiple flooding events.
Recent upgrades to the Bruce Highway have now made the Sunshine Coast within commuting distance of Gympie, providing Gympie residents with access to more job opportunities.
With Gympie house prices being around half those of many Sunshine Coast suburbs, there is good potential for new investors and other buyers on a budget. Rental yields are relatively high and vacancies are low.
There are also major infrastructure projects earmarked for the region, including a $2 billion solar farm. If all are successful, Gympie’s potential for investment would be greatly enhanced.
This report covers the Gympie LGA including the suburbs and towns of Gympie, Southside, Monkland, Cooloola Cove and Tin Can Bay.
Gympie was Hotspot of the Week on 14th May 2019