THREE bedrooms, two bathroom, both Queenslander styles and recently refurbished, and both are close to their respective CBDs – the only difference, aside from the gaping price difference, is their postcodes.

While Brisbane residents come to terms with news they're living in one of the most expensive places in the world, Warwick residents say they are safe in the knowledge of living with value for money.

With property prices being one of the more obvious differences, Warwick appears to be generally cheaper – or at least competitive – when it comes to alcohol, food and private schooling.

Metropolitan dwellers save money on other factors such as rates and fuel prices.

Wade Real Estate agent Kelly Reardon said when it came to buying a home, Warwick was definitely the more attractive and economical option.

“The average house prices in Warwick are more affordable then the city,” she said.

“Unlike in major cities, where homes are incredibly expensive near the CBD, home owners in Warwick can purchase a home in walking distance to our main street and not have to pay a huge amount.”

Mrs Reardon said homes close to Warwick's CBD were attractive to potential buyers many reasons.

“Living close to the CBD has many benefits, you can leave the car in the garage — to save on petrol costs — and walk to the shops, work and schools,” she said.

“Currently we have a four-bedroom Federation-style home, with a swimming pool on a 900sqm block in walking distance to CBD listed at $295,000.

“This same style home in inner-city Brisbane would be listed at more than double that price.”

Mrs Reardon said this appealed to city people, who regularly inquire about heritage type homes close to the CBD.

“We regularly get inquiries from city people who want to make the life style change to towns like Warwick,” she said.

“One of the reasons they choose Warwick is because employment is steady, house prices are good value and our standard of living is very high and it still is only two hours to Brisbane.”

Warwick local Jack Apps saw the value in Warwick living when he moved from Brisbane 34 years ago. However, he said it wasn't the reason for the tree change.

“As far as prices go, I don't let it concern me – I didn't move here for that,” he said.

“I came here for the way of life instead of the hustle and bustle of the city. I'm not going to live anywhere else.”

When the Daily News questioned Warwick's affordability on our Facebook page, one responded it cost “too much” to live in the Rose City.

“Groceries are comparable but fuel and rates are over the top and we are getting slammed with another nearly 10%,” he said.