Real estate in Kingaroy is hot property
KINGAROY has been identified as one of the hottest suburbs in Queensland
Kingaroy made the elite national list as one of the top 50 hottest suburbs in Australia, and top eight in the state in the Price Predictor Index.
The index tracks rising sales in suburbs across the country as a precursor to strong price growth the following year.
This is no surprise to Jackie Allery, from Raine and Horne Kingaroy, who said the town is steadily attracting young families and retirees alike.
"We have seen a steady increase in home sales this year, especially in the lower end homes, and I'd expect that to remain the same into 2019,” she said.
"It is a good time to buy before the prices push up, they are the lowest they have been in recent history, and as lower homes disappear off the market prices will start to push up.
"The whole area has a lot to offer for young families, with good primary schools and the hospital upgrades starting, it is becoming more attractive for people to move to the area.
"There is a lot of people moving to the area, not only young families we have older retirees coming from North Brisbane, because they can sell their house and buy something nicer and cheaper as well as put some money aside.”
The competitive rental market will becoming increasingly attractive to investors, according to Ms Allery.
"Rental demand is strong; there aren't many available rentals therefore the area should start appealing to investors,” she said.