Menu
News

Paradise found: Gympie on verge of property boom

GOT THE LIFE: Gympie man Paul Barnes takes in the afternoon sun at his Gympie property yesterday.
GOT THE LIFE: Gympie man Paul Barnes takes in the afternoon sun at his Gympie property yesterday. Tom Daunt

GYMPIE'S housing market is shaping up to become a heavyweight contender in Queensland's property game.

Tim Brown, who has held executive positions at Macquarie Bank, Yellow Brick Rd and more recently as CEO of Sydney-based wealth intelligence firm Opica Group, said Gympie's relative affordability to its metro cousins could mean a recipe for unprecedented growth. The numbers are telling the same story.

Gympie's Gross Regional Product (GRP) was $2.02 billion last year, meaning a 1.8 per cent increase from 2015.

The median mortgage repayment in Gympie is around $1300 per month.

Compare that to the state average of $1733 and it is easy to see why the Gympie market is proving to be an attractive option for first home buyers and investors and why our population is predicted to grow 1.6 per cent over the next five years.

"It is all about lifestyle," Mr Brown said.

"Why live in Sydney with all the stress and expense when you could live somewhere like Gympie and be comfortable," he said.

With Gympie's population projected at 60,570 by 2036, Mr Brown said economic stimulation, including job growth and availability, would not be an issue.

"With any positive immigration you will have an increase in jobs," Mr Brown said.

"Even people moving to Gympie to retire will spend money on builders, in grocery shops and cafes."

Gympie school teacher Paul Barnes exemplifies the urban shift.

Originally from Gympie, Mr Barnes moved to Brisbane in 2000.

After moving his family back in 2016, Mr Barnes said Gympie was a logical option to raise a family.

"There was always a pretty strong community here, but there wasn't the cafe culture that is creeping in now.

"Gympie is starting to feel like an extension of the Sunshine Coast and I think it is driven by affordability.

"We like the idea of being able to raise a family in this area," Mr Barnes said.

Topics:  gympie re gympie regional council macaquarie bank people of gympie

Gympie Times

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

LET IT SNOW: White winter could hit Warwick this year

BEAUTIFUL: Pyramids Rd at Eukey was blanketed with snow in 2015.

Get the woollies ready, we're likely to see our coldest winter yet

MEMORY LANE: Warwick's history laid bare on Facebook

MEMORIES: Commonwealth Bank in Warwick, 1932, next door to the Friendly Society Pharmacy.

Last pistol duel and happy marriages, a woman discovers it all

Local guys supporting show and our farms

EXPANDING: The Fine Arts section of the Stanthorpe Show is set to grow this year.

Best Harvest Labour major show sponsor

Local Partners