PHOTO: Byron Bay
Buyers have widened their search beyond Queensland’s overheated coastal markets, looking for the next Noosa or Byron Bay. See where demand has soared.
Savvy sellers are cashing out of some of Queensland’s overheated coastal markets and going in search of the “next Noosa” or the “new Byron Bay”.
And the locations where they are looking for that more relaxed beach lifestyle vary from an affordable tropical island village to a sleepy coastal hamlet just 200km north of Brisbane.
The REA PropTrack Regional Report 2021 has revealed the top 10 national suburbs where the number of “highly engaged buyers” per listing has soared, and seven of those hot spots were located in regional Queensland.
This luxury waterfront residence on a 644sq m block at Nelly Bay recently sold for $1.7 million. It has its own private pontoon, a plunge pool and incredible views.
Nelly Bay, a coastal village on Magnetic Island off Townsville, recorded a whopping 283 per cent surge in the number of “highly engaged buyers” per listing in the 12 months to September.
Home to stunning secluded beaches, coral reefs, bushwalks and an abundance of wildlife, Magnetic Island can be reached by ferry from the mainland, and is home to around 2500 residents.
Nelly Bay also boasts an affordable median house price of just $378,000, with modern beachfront homes selling for a fraction of the cost of a similar residence on the Sunshine Coast.
A Noosa couple snapped up a luxury unit in this Nelly Bay apartment complex in September this year after selling their Sunshine Coast apartment
The hamlet was second only to a broad area in western NSW identified as Coolah/Far West/Orana, where median house prices are as low as $210,000.
Best of Magnetic Real Estate agent Alex Strens said she was not surprised to see that Nelly Bay was getting some serious attention.
“We have sold three times more property over the past 12 months than we normally would,” Ms Strens said.
“It is people relocating to the island from Townsville, from the region, from interstate, but also from places like Noosa, Brisbane, the Gold Coast, and they are not just buying holiday homes,” she said.
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