If you compare the increase in value of investment property in Gracemere, 4702 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.36%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gracemere has fallen somewhat when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Gracemere, 4702. Typically our figures indicate that -8.15% is being offered, which puts this QLD suburb at 703th most discounted overall in Australia.
“Listings are being taken very quickly,” says Jodi Schofield, business development manager at Harcourts-Gracemere. “It’s an in demand suburb. It’s self-sufficient and it caters to families with parents that work in Rockhampton or mining areas.” Full summary
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“Listings are being taken very quickly,” says Jodi Schofield, business development manager at Harcourts-Gracemere. “It’s an in demand suburb. It’s self-sufficient and it caters to families with parents that work in Rockhampton or mining areas.”
The area’s strong point is that it is a much more desirable place for many families to live than in the mining areas that employ a large portion of the residents within this part of Queensland. It shares this position with Gladstone and Mackay, but Schofield says that Gracemere is a good $100,000 cheaper than some of the suburbs in those cities. “We’re already seeing demand pick up,” she says, adding that she expects prices to do well this year.
Best street(s): Some of the best value homes are located along Lamb Avenue, Kate St and Ingram Dr.