Could Kingaroy be the best area to buy in South East Queensland? Read the Best Buyer’s Agent in South East Queensland suburb report on to find out!
Overview
Kingaroy is a thriving regional town known for its vibrant lifestyle, agricultural heritage, and welcoming community. Situated approximately 210 kilometres northwest of Brisbane, it offers a serene escape from city life while retaining access to essential amenities and modern conveniences. Renowned for its peanut production and picturesque landscapes, Kingaroy combines a laid-back lifestyle with investment opportunities in residential and rural properties. Whether you’re looking for a family-friendly environment or a strategic investment, Kingaroy has plenty to offer.
Suburb Snapshot
- Median House Price (2024): $425,000
- Annual Growth Rate: 11.8%
- Location Attributes:
- Brisbane CBD: Kingaroy is approximately 210 km away, with a drive time of around 2.5 hours.
- Sunshine Coast CBD: Kingaroy is approximately 155 km away, with a drive time of around 2 hours.
- Caboolture: Kingaroy is approximately 130 km away, with a drive time of around 1.5 hours
Demographics
- Population (2021): 10,398
- Median Age: 41 years
- Housing Types: Predominantly detached houses with a mix of established homes and new developments. A notable proportion of properties cater to families, retirees, and investors.
Property Market Overview
- House Market:
- Median House Price (2024): $425,000
- Rental Yield: 6.2%
- Median Weekly Rent: $485
- Unit Market:
- Median Unit Price (2024): $247,500
- Rental Yield: 7.4%
- Median Weekly Rent: $350
- Long-Term Growth Rates: Kingaroy has shown consistent long-term growth, with the median house price increasing from $220,000 in 2006 to $425,000 in 2024. This represents an annual growth rate of 4.2% over the past 18 years, highlighting the suburb’s enduring appeal and investment potential. The suburb experienced significant growth spurts in 2022 (17.5%) and 2023 (13.4%), driven by increased demand and infrastructure development.
- Vacancy Rates: Vacancy rate as of Nov 2024 is 0.4%, indicating strong rental demand.
Education Options
- Primary Schools: Kingaroy State School, Taabinga State School
- Secondary Schools: Kingaroy State High School
- Private Schools: South Burnett Christian College (nearby)
- Childcare Centres: 5 childcare facilities sourced from Toddle, CareforKids, and LocalSearch.
Lifestyle and Amenities
- Shopping Centres: Kingaroy Shoppingworld, Big W, Woolworths, and Aldi provide a variety of retail options.
- Recreational Spaces: Memorial Park and the Kingaroy Heritage Museum offer both leisure and cultural experiences.
- Unique Highlights: Known as Australia’s peanut capital, Kingaroy hosts the Peanut Festival annually and boasts nearby wineries in the South Burnett region.
Health and Wellbeing
- Healthcare Services: Kingaroy Hospital and several local GP clinics and pharmacies provide comprehensive medical care.
- Private Hospital: Access to South Burnett Private Hospital.
- Community Health Initiatives: Regular wellness programs and community health fairs.
Community and Employment
- Key Employment Sectors: Agriculture, retail, education, and healthcare dominate the local economy.
- Community Activities: Active community groups and sporting clubs, including rugby, cricket, and tennis.
Recent and Planned Developments
- Kingaroy Hospital Redevelopment: A $92 million upgrade completed in 2023 has enhanced healthcare capacity and facilities, driving demand for local properties.
- Renewable Energy Projects: Solar farm initiatives in nearby Nanango are set to boost the region’s economy and job opportunities.
For more development projects in South Burnett, [Click here].
For more development projects in South East Queensland, [Click here].
Key Statistics Table
| Metric | Value |
|---|---|
| Population | 10,398 |
| Median House Price (2024) | $425,000 |
| Median Weekly Rent (Houses) | $485 |
| Rental Yield (Houses) | 6.2% |
| Median Unit Price (2024) | $247,500 |
| Median Weekly Rent (Units) | $350 |
| Rental Yield (Units) | 7.4% |
| Childcare Centres | 5 |
South Burnett Best Buyer’s Agent Introduction
Looking for the Best buyer’s agent in South East Queensland? IPS Buyer’s Agent has you covered! We are a Full-service Buyer’s Agent South East Queensland. For First-time home buyer to Investment property buyer’s, whether you’re upsizing, downsizing, or looking for South Burnett property market insights. Our expert suburb profile reports and dedicated services will guide you every step of the way. Contact us for top SEQ buyer agent services and advice tailored to your needs.
Conclusion: Why Choose Kingaroy?
Kingaroy offers a harmonious blend of rural charm and modern amenities, making it an attractive choice for families, retirees, and investors alike. With its strong rental yields, long-term growth potential, and community-focused lifestyle, the suburb represents an excellent opportunity for those looking to invest or settle in a vibrant regional hub.
Ready to make Kingaroy your next destination? Contact us today to begin your journey!