Suburb Profile Report for Rockhampton QLD (4700)

Rockhampton House: Median price $200,000, Annual capital growth 15.63%, Number of sales 43, Weekly median advertised rent $260

Rockhampton Unit: Median price $385,000, Annual capital growth 16.97%, Number of sales 11, Weekly median advertised rent $380

Source: CoreLogic

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Over the last year, property investments in Rockhampton, 4700 have given investors a capital gain of 4.44%. This compares very favourably with the -4.09% for QLD as a whole.

The five-year average increase in median property values for Rockhampton,4700 has given property investors a potential capital gain of 11.11% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Rockhampton is offering property investors an average of -11.64. This rate of discount on properties puts Suburb at number 55th in terms of most discounted suburbs in QLD

At number 2876 in a list of fastest selling suburbs, Rockhampton is in the bottom 20% of suburbs in Australia with an average of days on market 128.25 for properties listed there.

Property investors who have had real estate in Rockhampton, 4700 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.03%

Taking the average capital gain, or increase in median house value, Rockhampton,4700 has racked up an average of -1.03% over the period. This ranks it number 1548th in the whole country for real estate investors looking at median house price increases.

Rockhampton4700 is located in QLD which offers an average discount of -11.64% to property investors. Rockhampton itself is showing figures that indicate -12.66% is the average achievable by property buyers investing in the suburb.

In the last year 11 properties changed hands in Rockhampton, which puts it as the 342th most active market in QLD when comparing the number of sales per suburb.

The QLD suburb of Rockhampton, 4700 is in the Rockhampton local government area.

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Rockhampton, famed as the beef capital of Australia, has been one of the main beneficiaries of the Queensland coal mining industries – not least due to its proximity to coal port Gladstone. Full summary

Rockhampton, famed as the beef capital of Australia, has been one of the main beneficiaries of the Queensland coal mining industries – not least due to its proximity to coal port Gladstone.

The city has a diverse economy, encompassing agriculture, the rail industry, military and (of course) mining: this led to robust growth in population and house prices in the late Noughties.

It’s one of the most accessible of Queensland’s regional resources towns, being 521km north-east of Brisbane: Mackay is another 300km further north, and Bowen nearly 1,000km from the state capital. It is also located at the junction of the Bruce Highway and the Capricorn Highway leading west – a key juncture for heavy traffic.

Its airport is Australia’s twelfth busiest domestic airport, and handles commercial flights to other major Queensland hubs, as well as Sydney and Melbourne. Amenities within the city are good, with several supermarkets, shopping centres, schools, cafes and restaurants, and hospitals

Rockhampton is also benefiting from government and private infrastructure spending, which is also likely to boost prices. Much of the public expenditure has focused on improving road and rail access; meanwhile, mining company Xstrata is deep into the planning stages of building a deep water coal export wharf on nearby Balaclava Island, as well as recently revealing plans to build a second $1.2bn project at Port Alma.

Values have been hit since the GFC, with central Rockhampton units being hit particularly hard: however, rental yields have remained robust. It’s worth noting that extensive flooding in January 2011 hit the city hard, and any prospective buyers should check flood maps very carefully before purchasing.

Even so, properties in the Rockhampton area are currently very affordable, with houses typically below $400,000 and units under $300,000. It’s a perfect time to buy, too, as values are expected to recover in coming months and years along with the resurgence of the mining industry, further investment and ramping up of activity in Gladstone.

Therefore, as it currently stands, Rockhampton not only offers some very affordable properties, high yields and significant scope for capital growth.

Close
HOUSE UNIT
$200,000 $385,000
-10.11% N/A
4.44% -1.03%
15.63% 16.97%
$260 $380
43 11
6.76% 5.13%
128.25 187.67

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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