Rocklea, 4106 ranked 532th in QLD when comparing growth in median property values or capital gain over the last 12 months. Rocklea is one of 2415 in our list for QLD
While Rocklea,4106 ranked number 194th in QLD for increase in median house value (annualised) increase, it is ranked 10th over the last 5 years.
At number 755th of QLD’s most discounted properties, Rocklea is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Rocklea the average time real estate has been on the market is 52.64 days.
Advertised rents are around the $357.5 mark per week – giving a return of 4.71% 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
Information supplied by:
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.