News

Time to buy: Rockhampton the most affordable in Queensland

THERE'S no shortage of possibilities for people looking to take their first steps into the property market.

That's according to Cooke Property Agents owner Stan Cooke, who believes Rockhampton is still firmly a buyer's market with plenty of opportunities and sellers.

Latest Real Estate Institute of Queensland figures show the median house price for Rockhampton fell by 5.9% to $273,000 in the last quarter, making the city the most affordable amongst its regional counterparts.

Bundaberg jumped by 14.1%, while Gladstone and Mackay fell by 3.2% and 0.2% respectively.

Rockhampton's median price value drop in the past quarter comes after an 11% increase in the September quarter, which was the first positive growth in five quarters of negative results.

Mr Cooke said despite the figures, the market had remained "essentially unchanged over a long period of time" and that an increase of that magnitude had not been reflective of the market as he viewed it.

He said therefore the 5.9% fall in the December quarter was not reflective of disinterest in the Rockhampton market.

"We see the market as fairly steady, pretty flat with some green shoots in the future and a lot of potential employment and jobs," Mr Cooke said.

"There has certainly be noticeable interest, but as quickly as it happens it drops off again. That's the sign of a patchy market.

"At the moment it is definitely a buyer's market.

"If I was a buyer, I'd be looking to buy in the short term.

"There are plenty of opportunities for people looking to enter the housing market.

"There are value buys from about $200,000 upwards and it's probably about $300,000 upwards in Yeppoon."

 

Keppel Real Estate agent Adam de Jong at 36 The Esplanade, Cooee Bay which is up for auction.Photo: Chris Ison / The Morning Bulletin
Keppel Real Estate agent Adam de Jong at 36 The Esplanade, Cooee Bay which is up for auction.Photo: Chris Ison / The Morning Bulletin Chris Ison ROK240913cauction1

The Capricorn Coast continues to perform well, with average median house prices rising by 2.8% in the December quarter to $370,000.

Keppel Real Estate's Adam de Jong said many people felt more confident about entering the property market, which had increased activity in Livingstone.

"I think people have become more conscious of why they're buying," he said.

"People are probably taking their time.

"They're doing their homework.

"They're doing a lot of market research before they approach real estate agents to buy.

"When both buyers and sellers enter the market they have a lot more knowledge."

Mr de Jong said there were positive signs on the horizon, but for now he believed the market would remain stable.

He said the Capricorn Coast would continue to attract buyers looking to make the lifestyle switch to the beach.

"We still have a large portion of people who live on the coast and work in Rockhampton, so they still want that lifestyle," Mr de Jong said.

Topics:  general-seniors-news property real estate re-investment rockhampton



Date nights under $50

ACCORDING to The Bachelor falling in love involves helicopter rides, private jets, shopping trips, and we mustn’t forget the hot tubs.

Brisbane's arts and culture events centre stage

You loved the film, now you're about to love the musical. Don't miss The Bodyguard The Musical in Brisbane this July.

THE arts and culture events you don't want to miss.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Insider’s guide to the best rooftop bars

Eleven Rooftop Bar is one to put on your hit list.

SEE the world from a different perspective...

Where to get your hands on the best wings

Try out these bad boys at Buffalo Bar.

IS THERE anything better than a wicked bowl of chicken wings? Nope.

Latest 'big cat' sighting in Gympie region

Curra resident Milan Katic shows the size of the 'big cat' he saw crossing his property.

'I could see clearly what it was.'

Millions missing from Gympie region in lost super

HOW TO FIND YOUR LOST SUPER: Kym Edgar of Gympie's Reg Leis Insurance and Financial Services said yesterday an easy option for finding lost super was to log in and use your MyGov account.

Finding your super is not as hard as you think

LED spinner recall prompts warning from father

Teenager holding the fidget spinner device

This product's popularity may come at a high price.

Local Partners

Casual Keanu says fame is ‘cool’

NOBODY expected much of Keanu Reeves' action thriller John Wick when it was released in 2014.

19 dead, 59 injured after nail blast: Ariana Grande concert

There have been multiple confirmed deaths after 'explosions' heard at Ariana Grande concert in Manchester

"We saw blood on people when we got outside."

Ariana Grande breaks her silence after fatal blast

According to reports quoting witnesses, a mass emergency evacuation was prompted after explosions were heard at the end of US singer Ariana Grande's concert in the arena.

The entertainment industry is in shock after attack on concert

Pitch Perfect star suing Woman’s Day over ‘liar’ articles

Actor Rebel Wilson outside court on Friday.

REBEL Wilson's career destroyed by grubby campaign, court hears.

Seven Year Switch: The boner to end all boners

Johnny’s outraged over claims he has a cracked boner.

She gulps. Her face says it all.

Bay to star in Hollywood shark thriller ‘Cage Dive’

Cage Dive, written and directed by Gerald Rascionato, is now screening in the United States of America. It had scenes filmed in Hervey Bay.

And our visiting humpback whales also make appearance.

Celebrity sex tapes: Where does all that money go?

Basically, did Paris and Kim earn fortunes from their videos?

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

The face of the Sunshine Coast's overpriced rental crisis

Alyx Wilson had to rent a $385 unit in Currimundi because the market was too competitive for cheaper rental housing. She is now renting a room from friends who own a house in Currimundi, and says its much more affordable.

Young people feel the strain in competitive, expensive rental market

WATCH: Take a tour of a tradie's dream home

5a Bruce Hiskens Court, Norman Gardens, going for $720,000. INSET: Lea Taylor.

Huge block with potential for anything

Deputy Premier makes massive call on controversial sand mine

Aerial view of the proposed Forest Glen sand mine.

BREAKING: State Government makes huge call on Coast sand mine plans

Ready to SELL your property?

Post Your Ad Here!