Investment property in Rocklea has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.03%
When looking at the potential capital gains offered to property investors over the last 3 years, Rocklea comes in at number 97th in QLD.
Vendor discounting in Rocklea is giving property investors an average Vendor Discount of around -4.84%. This puts suburb at number 674th in QLD when ranking the most discounted suburbs.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 4.79%, investors should hope to achieve an overall return of 4.65%
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.