The best affordable regional towns for home buyers and investors have been revealed in new research that highlights areas with solid growth prospects yet median house prices below $600,000.
The report found that Mackay, Toowoomba, and Townsville were the top three in Queensland, while Burnie was the standout in Tasmania.Regional centres were ranked based on five criteria: affordability, rental outlook including rental yield and vacancy rate, transaction trends , pipeline of project development and unemployment rate.
“The fact we’ve got ‘returning champions’ tells us these places, they haven’t reached their peak yet,” she said. He said entry-level three-bedroom houses cost $400,000 and up, while four bedrooms and a double garage would cost north of $500,000, and a premium-style home could be up to $1.5 million.Elders Real Estate Albury–Wodonga director Jamie Maynard said the lockdown-era stream of tree-changers has slowed.Local employers include factories, the nearby supermarket distribution centre, the hospital and army barracks.