Property value increases in Roma have tracked just higher than the QLD average of 0.78% over the last 12 months.
The five-year average increase in median property values for Roma,4455 has given property investors a potential capital gain of -26.52% across each of those five years.
At number 14th of QLD’s most discounted properties, Roma is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Roma the average time real estate has been on the market is 92.8108 days.
Renters in Suburb are facing rents around $14560 per annum or $280 every week.
Information supplied by:
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.”