Property value increases in Rocklea have tracked just higher than the QLD average of 1.17% over the last 12 months.
Comparing Rocklea,4106 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Rocklea is $409500, with sellers offering an average of -7.57% off the asking price.
Situated 8.83km from the CBD, Rocklea is one of Brisbane (C) localities in the postcode 4106.
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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.