Property investors who have had real estate in Rocklea, 4106 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.03%
The five-year average increase in median property values for Rocklea,4106 has given property investors a potential capital gain of 35.67% across each of those five years.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.60%, without taking into account capital value appreciation, which has been averaging out at 2.84%.
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.Full summary
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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.