Gympie house prices on up and up
THE Gympie real estate market has broken the shackles of the world economic crisis, according to agent Nathan O’Neill.
The Gympie agent made the claim after his Harcourts agency sold a Southside property for a record $870,000.
That comes on top of a record price for a Gympie unit of $410,000 earlier in the year.
The record breaking sale was for a house on 1 1/2 acres.
Previous prices for sales of homes on similar sized blocks had been around the $600,000 to $700,000 mark.
Mr O’Neill said the record price resulted in the overseas buyer move into an executive style home with four bedrooms, an office, formal lounge and dining, a home theatre, an open plan kitchen and an outdoor entertaining area with a pool.
“The buyers put an offer on the house even though it wasn’t officially on the market,” Mr O’Neill said.
“It is positive for the town.
“There is a lot of activity in the high end of the market at the moment – we just don’t have enough stock.”
The agent said the record unit price was for a four bedroom unit at Gympie Pines golf course estate.
“It sold prior to auction to an interstate buyer,” Mr O’Neill said.
“The market is picking up and land sales are starting to grow.
“We have sold six blocks already this week.”
Mr O’Neill said there had been a lot more activity in the Gympie region.
He credits the recognition Gympie is attracting in the national media as one of the next boom markets for a lot of the growth.
“I have been in the industry for eight years and it is finally good to be recognised as a place to buy by market experts,” Mr O’Neill said.
“People are looking to get into the market here again.
“It has been a buyers’ market for the past 12 months but there is a shift towards a sellers’ market coming.
“People need to get in early before it shifts – 2010 is looking like a good year in the property market.”
The agent said rising interest rates were a concern but said they were still at historically low levels.
“People need to get in and make a decision now,” he said.