House values in Queenstown have climbed by over 200% in the past decade.
The town on Tasmania’s West Coast has seen growth of around 207% since 2013, which places it in the top five regional areas in the nation – according to new PropTrack data.
Locals have attributed the rise in house prices to tourism growth, including the popularity of mountain bike trails and the growth of the local arts community.
Queenstown is the number one suburb for growth in regional Tasmania, with a 25% increase in house prices since April 2022.
The median house price in Queenstown has grown by $40,000 in one year and over $135,000 since 2013.
The strong growth in house prices in Queenstown is considered unusual, with prices tripling in a decade.
Other top-performing suburbs in Tasmania include Sheffield, Huonville and Port Sorell.
