Property analysts continue to advise investors to enter the Gympie market, based on its own economic fortunes and the rise in the adjoining Sunshine Coast’s sale prices and an under-supply of housing.
Gympie sits astride a major national transport corridor, which provides direct rail and highway linkages. The completion of the final stage of the national Bruce Highway upgrade between Gympie and Brisbane by 2016 to a high speed, high volume, four-lane divided highway corridor will shave a further 15 minutes off the travel time to Brisbane, 170km south, and the Sunshine Coast (making the drive to Noosa to only 40km), and will meet the strategic transport needs of Gympie and the region well into the future.
The Gympie area has a sizable business community of more than 4500 businesses.
Major manufacturers include Nestle and Laminex industries, and Wesfarmers have invested $35 million in a local Bunnings Warehouse, which has generated 140 permanent jobs.
Australian Bureau of Statistics figures show Gympie, which currently has a population of around 50,000, continues to experience an annual growth rate of 2.5%, higher than the Queensland state average.
Population growth over the next fifteen years will require an estimated 5,444 new homes to be constructed to meet demand.