Over the last year, property investments in West Rockhampton, 4700 have given investors a capital gain of 3.32%. This compares averagely with the 1.88% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Rockhampton has fallen somewhat when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.31% offered to property buyers. Sellers in West Rockhampton itself are offering an average vendor discount of -13.47% to real estate investors.
With the median price for a house in West Rockhampton being $249000 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 5.95%