Guyra outperforms the capital cities in the property market.

MARKET BOOM: Sue Ross Real Estate owner Sue Ross discusses the property market in Guyra.
MARKET BOOM: Sue Ross Real Estate owner Sue Ross discusses the property market in Guyra.

BOOMING property prices make Guyra a strong contender with capital cities.

Those that purchased a property three years ago would have seen the same growth as Sydney or Melbourne, a CoreLogic report finds.

Sue Ross Real Estate owner Sue Ross said she was surprised at the results.

“The last 12 months the sales have been slow,” Ms Ross said.

The rural side of things is just going gangbusters

Sue Ross.

“But people were talking about the prices going down and I don’t believe that they have – the banks have just made it harder to get the money.”

Today, the median house price in Guyra is just $280,000 – after increasing by 50 per cent over three years.

The residential property market has started to pick up in the last month Sue Ross said.

“And the rural side of things is just going gangbusters,” she said.

“There’s quite a lot happening.”

But, she doesn’t credit the new tomato farm with the growth.

“I don’t think it’s played a huge part in any of the growth we have achieved,” she said.

“The first one definitely did – but the second one hasn’t had the impact, the big wow factor they predicated was going to happen.”

Compared to the rest of Australia, the cost to cover a deposit and acquisition in Guyra is nominal.

The capital growth already achieved was better than 95 per cent of Australia. 

Sue Ross came to Guyra more than 12 years ago, and said growth has always been good.

She believes the town is growing consistently, as people discover the hidden gem.

“When I first came to Guyra you could buy a brick, three-bedroom home for $75,000,” Ms Ross said.

“Look at what you could buy for $75,000 now.”

Buyers in Guyra are typically retirees looking for a cooler climate.

As well as city-folk from Sydney and Brisbane, Ms Ross said.

“Then you also get a lot of people who are looking for a better lifestyle for their children,” she said. 

“They’re coming to the rural communities for a better life.”