Gracemere has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -8.83% to date .
Taking the average capital gain, or increase in median house value, Gracemere,4702 has racked up an average of -8.83% over the period. This ranks it number 4027th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Gracemere are currently offering property investors an average price cut of -7.24% below the asking price at the moment.
In the last year 95 properties changed hands in Gracemere, which puts it as the 249th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $280 mark per week – giving a return of 5.20% based on the median price in Suburb
“Listings are being taken very quickly,” says Jodi Schofield, business development manager at Harcourts-Gracemere. “It’s an in demand suburb. It’s self-sufficient and it caters to families with parents that work in Rockhampton or mining areas.” Full summary
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“Listings are being taken very quickly,” says Jodi Schofield, business development manager at Harcourts-Gracemere. “It’s an in demand suburb. It’s self-sufficient and it caters to families with parents that work in Rockhampton or mining areas.”
The area’s strong point is that it is a much more desirable place for many families to live than in the mining areas that employ a large portion of the residents within this part of Queensland. It shares this position with Gladstone and Mackay, but Schofield says that Gracemere is a good $100,000 cheaper than some of the suburbs in those cities. “We’re already seeing demand pick up,” she says, adding that she expects prices to do well this year.
Best street(s): Some of the best value homes are located along Lamb Avenue, Kate St and Ingram Dr.