Property value increases in Rocklea have tracked close to the QLD average of 2.44% over the last 12 months.
A 55.00% growth in median value for property investors in Rocklea,4106 puts this suburb at number 212th in terms of best performing suburbs in QLD
Our latest figures would indicate that property sellers in Rocklea are currently offering property investors an average price cut of -6.22% below the asking price at the moment.
Advertised rents are around the $360 mark per week – giving a return of 4.65% based on the median price in Suburb
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.