A rural town in the Rockhampton region has been named among Queensland’s most popular locations for house sales in the latest property report.
Sales data recorded by InfoTrack found Gracemere recorded the sixth highest number of transactions for houses of any suburb across the state between 1 April and 30 June. InfoTrack’s Head of Property Australia, Lee Bailie, said the Property Market Update Q2 2023 confirmed Gracemere was a property hotspot.
“Gracemere’s prime location in the agricultural heart of Australia gives those in the region an abundance of job opportunities in the beef and transport sector, which is certainly appealing for those wanting to purchase a home and raise a family,” Mr Bailie said. “After experiencing a huge growth period in the early 2000s, Gracemere’s affordable property market is once again making the town attractive to prospective buyers.”
Mr Bailie said regional living had long been appealing to Queenslanders looking to purchase a house.
“Not only did Gracemere make the top 10, but the Central Highlands town of Emerald came in at number three for the greatest number of house sales last quarter, and the North Queensland suburb of Kirwan snuck in at tenth place,” Mr Bailie said. “Our data shows the Moreton Bay suburb of Caboolture has returned to the number one spot for the most popular suburb for house transactions, after losing its crown for the past six months to the Sunshine Coast’s Buderim, which fell to fifth place.”
“All of the top 10 suburbs for house sales last quarter hailed from South East Queensland, but from April to June, we’ve seen more diversity in the regional areas of Queensland represented in the list which is nice to see.”
Mr Bailie said it was easy to understand the appeal of regional living.
“InfoTrack has been recording property sales data for more than 20 years, and in the last few years, we’ve seen the consistent trend of Australians moving away from cities to regional areas where families can potentially get more value for their investment,” he said.
“The recent rise in hybrid or remote working also means more and more Australians have the option to live away from cities.”
In June, InfoTrack also saw some of the busiest search activity of the year on its InfoTrackGO site, where prospective buyers can order Title Searches and do their own research into a property or suburb they’re interested in purchasing.
The full report can be viewed here.
