Roma has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 12.00% to date .
Over the longer term, Roma has seen property prices show investors a 12.00% return over the last 3 years. This is the same as over the last 12 months
Roma, 4455 is offering QLD ‘s 24th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.
In the last year 149 properties changed hands in Roma, which puts it as the 197th most active market in QLD when comparing the number of sales per suburb.
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Raine & Horne Roma principal Peter Holland notes that, in stark contrast to Brisbane’s slow market conditions, interest in the Roma property scene has seen a real spike in recent months.
“The real estate climate in Roma started changing in late May,” he says. “This has led to more telephone, walk in and email enquiries over the last five weeks than we have had in the previous 12 months, and as a result many buyers are now making moves to secure properties.”
The main economic driver here is the resources industry (Roma is within 200km of the much talked about resource-driven markets of Chinchilla and Miles for example), and Holland believes that boom times in the Surat Basin are already starting to fuel demand for property in his area.
“The resource industry is gearing up for the harvesting of huge coal and gas reserves in the Surat Basin, and this has seen mining companies purchase residential properties for their employees, as well as commercial and industrial sites,” he adds. “Also, cashed-up young people working in the resource industry are now well positioned to upgrade their homes.”