Gracemere, 4702 ranked 439th in QLD when comparing growth in median property values or capital gain over the last 12 months. Gracemere is one of 2415 in our list for QLD
Comparing Gracemere,4702 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Sellers are offering property buyers an average discount of -7.23% to buyers in Gracemere at the moment, which is less than average for the rest of QLD.
At number 2637 in a list of fastest selling suburbs, Gracemere is in the bottom 30% of suburbs in Australia with an average of days on market 93.7265 for properties listed there.
Advertised rents are around the $320 mark per week – giving a return of 6.35% based on the median price in Suburb
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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.