Newspaper article News Mail Bundaberg Qld.

Locals Invest in Area; Eight out of 10 Fraser Coast Buyers Are Local Investors, Residents Trading Up

Newspaper article News Mail Bundaberg Qld.

Locals Invest in Area; Eight out of 10 Fraser Coast Buyers Are Local Investors, Residents Trading Up

Article excerpt

Byline: Brigid Simeoni - APN NEWSDESK

PIALBA, Urangan and Torquay have emerged as the Fraser Coast's top growth suburbs for the September quarter.

The median sale price for houses in the region was $300,000, up 0.2% on the previous quarter.

The CBD suburb of Pialba recorded the biggest median house sale price rise for the quarter - 10.4% to $286,500.

REIQ Fraser Coast zone chair Damian Raxach said Pialba was a suburb to watch with plenty of potential for investors.

"There's a lot of commercial property there and a big return on investment," Mr Raxach said.

Mr Raxach also flagged Urangan as one of the region's growth areas.

Urangan's median sale price was $325,000, an 8.3% increase on the last quarter.

Mr Raxach said Urangan's image had lifted and its proximity to the marina and airport appealed to buyers.

"In the last three or four years there has been a lot of refurbishment," Mr Raxach said.

Torquay was another strong performer in the September quarter with a 6. …

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