Giving property investors a an average capital gain of 13.41% for the last year, Rocklea, 4106 is the 1967th highest performer in Australia in this respect.
Rocklea,4106 was ranked 490 in Australia by increase in median property value over the quarter.
Residents and property investors in Rocklea have been waiting around 65.7273 days to sell a property.
Situated 9.11km from the CBD, Rocklea is one of Brisbane (C) localities in the postcode 4106.
Information supplied by:
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.