Queenstown is Tasmania's iconic copper-mining town on the remote west coast, known for its stark multicoloured bare hills and the West Coast Wilderness Railway. Offering Australia's cheapest property prices but uniquely spectacular scenery, it is attracting adventurous lifestyle buyers and tourism investors. At the current $120k median house price, an 80% loan at 6.25% over 30 years is about $591 per month.
| Median house price | $120,000 |
|---|---|
| Median unit price | $85,000 |
| Estimated monthly repayment | $591 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5% |
| Gross rental yield | 10.5% |
| Typical days on market | 60 |
Calculate repayments, stamp duty, LMI and upfront costs for Queenstown, TAS. Request mortgage broker help if you want suitable lender policy, rates and fees compared for your situation.
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