Over the last year, property investments in Rocklea, 4106 have given investors a capital gain of 5.77%. This compares favourably with the 2.40% for QLD as a whole.
Comparing Rocklea,4106 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Rocklea itself are offering an average vendor discount of -5.39% to real estate investors.
Often selling an investment property can take time, and in Rocklea the average time real estate has been on the market is 56.06 days.
Property investors should expect to get $350 weekly from the median priced house in this 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.