Over the last year, property investments in Rocklea, 4106 have given investors a capital gain of -2.53%. This compares badly with the 2.06% for QLD as a whole.
Over the longer term, Rocklea has seen property prices show investors a 21.74% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Rocklea is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 661th in terms of most discounted suburbs in QLD
Rocklea is 350th on a list of best yielding suburbs for rents in QLD with a 4.79% return
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.