Property investors who have had real estate in Rocklea, 4106 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.76%
Rocklea,4106 was ranked 1971 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Rocklea are currently offering property investors an average price cut of -10.95% below the asking price at the moment.
In the last year 24 properties changed hands in Rocklea, which puts it as the 636th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $380 mark per week – giving a return of 5.00% based on the median price in Suburb
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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.