If you compare the increase in value of investment property in Gracemere, 4702 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 16.30%.
The five-year average increase in median property values for Gracemere,4702 has given property investors a potential capital gain of -0.65% across each of those five years.
Our latest figures would indicate that property sellers in Gracemere are currently offering property investors an average price cut of -3.87% below the asking price at the moment.
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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.