Gympie homeowners and sellers near the city centre struck their own gold mine this year, with four of the region’s five biggest property price rises recorded within 10 minutes of the CBD.
This expansion of the market helped push the average sale prices of the region’s homes up 3 per cent between September 2019 and September 2020, figures from online property hub CoreLogic reveal. Gympie s best performing housing markets in 2020 were largely within a 10 minute drive of the CBD.
The biggest jump was at Monkland, where the median sale price of a house soared 16.7 per cent, from $248,500 to $290,000.
Chatsworth ran a close second with 12.9 per cent growth, pushing the medium prices from $385,000 to $435,000.
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Subscriber only GYMPIE now has 5G, but there are still plenty of parts of the region that rely on 4G and 3G. Towers with 5G are now located in Duke Street and on Banks Pocket Road and a Telstra map showing coverage in the region indicates people living in the city itself can access 5G, Victory Heights, parts of East Deep Creek, Banks Pocket and Araluen, and parts of Two Mile, Chatsworth, Widgee Crossing, the Southside, Jones Hill and Monkland. What this means for residents of those areas is downloading is faster, the network has more capacity, and there is less latency.