Investment property in Gracemere has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.16%
If we look at median property appreciation over just the last three months, Gracemere has given property investors a paper return of -1.03%. This puts Suburb as 619 on a list of fastest fasting appreciating suburbs in QLD
Gracemere4702 is located in QLD which offers an average discount of -7.10% to property investors. Gracemere itself is showing figures that indicate -8.27% is the average achievable by property buyers investing in the suburb.
In the last year 99 properties changed hands in Gracemere, which puts it as the 235th most active market in QLD when comparing the number of sales per suburb.
The QLD suburb of Gracemere, 4702 is in the Rockhampton local government area.
“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.