Opinion

Opinion: Gympie is the answer to housing affordability

IF YOU are looking for negative gearing to reduce your tax, Gympie property agent Bonnie Hollander says you would be better off in Sydney.

"A lot of our properties are positively geared. They're making a profit from rent," Billy Mitchell says.

As interest rates drop to record lows, the Gympie market makes nonsense of concerns elsewhere that you cannot find a decent home for $300,000.

All Sunshine Coast or Brisbane people have to do to solve their personal share of Australia's housing affordability crisis is move to Gympie.

Nathan O'Neill of Landmark Harcourts says Gympie is still a well kept secret, but investors who have begun to discover the place are showing a lot of interest.

He's got one bargain in Ranson Rd, five years old, four bedrooms, rented for $320 a week, selling for $269,000.

Billy Mitchell and Bonnie Hollander talk about their bargains on PAGE 5.

Gympie Times

Topics:  home owners negative gearing renting



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Core Logic property statistics reveal the region's median house price dropped 3.4% to $269,000 in the September quarter.

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