At number 3094th in the list of Australian suburbs ordered by increase in median house value over the last year, Rocklea, 4106 is in the BOTTOM 30% with a property value increase of -1.28% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Rocklea,4106 has racked up an average of -1.28% over the period. This ranks it number 1874th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Rocklea 4106 should be seeing an average reduction in asking price of around -4.90% . This means that Rocklea is holding prices well when compared to other suburbs in QLD.
Rocklea was one of the worst hit areas in the 2011 flooding, and last year the area recorded a massive 22% drop in prices as a good deal of damaged homes came on the market. However, there are signs that the market is finally stabilising.Full summary
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Rocklea was one of the worst hit areas in the 2011 flooding, and last year the area recorded a massive 22% drop in prices as a good deal of damaged homes came on the market. However, there are signs that the market is finally stabilising.
“We were all affected,” says Local Ray White real estate agent Diane Sims, “and we’re still getting over it, but now things are finally starting to turn. For it being only 9km from the CBD, it’s priced exceptionally well. It also has transport, trains, buses and it’s close to the university. But the big draw is that it’s close to the CBD and extremely affordable.”
Best street(s): Bale Street: One of several older, more established streets in the southwest part of the suburb.