MARKETS are a simple case of supply and demand, and when it comes to acreage in the Gympie region, demand is high.
In the past five years the median price of acreage in the region has climbed by 43.1 per cent, and now will set a prospective buyer back an average $195,000 for a block over 2400sq m (quarter of a hectare).
It is not the only major mover in the market in the past five years, according to Real Estate Institute of Queensland figures.
The price of vacant blocks (less than 2400sq m) has also gone up by 13.6 per cent, making the average cost of a block $138,000.
Charity turns people away as Central Queensland homelessness crisis is tipped to be one of the nation s worst
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DecDecember 2020 at 8:48pm
Roseberry Queensland s Colleen Tribe says the increase in demand for housing is driving up rental prices.
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Central Queensland’s homelessness crisis is forecast to become one of the worst in the nation next year, according to a new report by Equity Economics.
Key points: An Equity Economics report predicts there will be a 31.9 per cent increase in homelessness and a more than 55.2 per cent increase in housing stress in Central Queensland next year
BRINGING back investors and building new homes have been tagged as the best way to loosen up Gympie s extraordinarily tight rental market, which has been among the state s worst for several years. Figures from the Real Estate Institute of Queensland reveal the region s rental vacancy rate has not been healthy (at 2.5 per cent or higher) since September 2016. It has steadily sunk since then, registering as Queensland s worst in September last year (0.3 per cent) and loosening only a meagre 0.1 per cent in the year since. New Gympie Times journalist Kristen Camp is looking for somewhere to live in Gympie, and said yesterday her search had been very hard and so far unsuccessful.
Queensland overhauls real estate education requirements 15 December 2020
Queensland’s Office of Fair Trading (OFT) has approved new training requirements for the state’s real estate industry.
A statement has revealed that the new training will apply to anyone wanting to obtain a real estate licence prior to applying for registration and licensing across a number of classes: auctioneer (property), chattel auctioneer, limited real estate agent – affordable housing, limited real estate agent – business letting, real estate agent, real estate salesperson and resident letting agent.
The new training, which will impact initial licensing requirements, but not impact those who currently hold registrations or licences, follows the independent review of the national property services training package.
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