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


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

First Wondai Festival labelled a success

SUCCESSFUL DAY: Elaine Madill at the Wondai Country Festival.

The festival will return in 2018.

Budget breakdown: where South Burnett funds will go

FINANCES: The South Burnett Regional Council budget was approved today.

Money was set aside of a range of projects.

This is how much your rates will increase by

NEW BUDGET: South Burnett Councillors Keith Campbell, Kathy Duff, Roz Frohloff, Ros Heit, Danita Potter, Gavin Jone and Terry Fleischfresser passed the 2017/18 budget on June 26.

South Burnett Regional Council passes 2017/18 budget

Local Partners

Retirement village comes to Logan St

A PLANNED development at the Windsor Circle Estate will provide low-cost village style living for elderly couples and singles.

Bundy mum blogging to get families offline

FAMILY FUN: Deonie Crowther is holding family craft sessions at the Windmill Cafe in Bargara.

Crafty projects a hit with parents and children

Take luxury food, wine tour around Toowoomba

FOODIE CULTURE: Emily Moon (left) and Cheryse Bliesner with the Hummer used for Toowoomba's Luxury Food and Wine Tour.

It is designed to highlight the best produce the region has to offer

Country music stars coming to Ipswich

Ipswich will get it's country on when The Country Superstars Tribute Show hits town on Friday, June 30 at Brothers Leagues Club.

A UNIQUE tribute show will bring a bit of country into the city.

Schapelle Corby's Bali boyfriend 'lonely' now she's free

SCHAPELLE Corby’s boyfriend Ben Panangian has spoken of his loneliness for the first time since his lover of 11 years was deported from Bali.

‘One of the most ludicrous films ever made’

Optimus Prime in Transformers: The Last Knight.

Transformers: The Last Knight has been shredded by critics.

Transformers movie bombs to horror opening week

Optimus Prime in a scene from, "Transformers: The Last Knight."

Transformers 5 had the worst opening in the franchise’s history

How 9/11 helped make Waleed Aly a household name

Waleed Aly and Susan Carland at the 2016 Logie Awards

“It feels like there was a script written for me,” he said.

Pixar weighs in on viral Toy Story theory

Woody and Buzz Lightyear from Toy Story.

DID Andy’s dad tragically die just before the story took place?

VIRAL VIDEO: Campaign to bring beloved nanny to Maryborough

** ADVANCE FOR MONDAY, OCT. 16 **FILE**This promotional photo provided by Disney Home Entertainment shows actors Julie Andrews as Mary Poppins and Dick Van Dyke as Bert in a scene from the 40th anniversary edition of the Disney DVD. P. L. Travers, author of the "Mary Poppins" books, approved of Andrews as Poppins but considered Van Dyke "all wrong" and objected to mixing animated characters with live actors. (AP Photo/Disney Home Entertainment)

Can we get Dame Julie Andrews to come to our festival?

Confident first half year for commercial property

SIGNS OF CONFIDENCE: A mixed-use site at 139 Eumundi Rd, Noosaville, was one of the outstanding results achieved in the year.

Sunshine Coast market showing strong signs for next five years

Ocean views up for sale at Bargara Rise

LAND RELEASE: Rob Sergiacomi on site at the Bargara Rise development off Watsons Road Bargara.

More ocean-view land comes on the market at Bargara

Blueberries help property market boom

RURAL MARKET: Elders sale agent Terry Deefholts, Norman Arkan and rural sales agent Angus McDonald.

Growth in the rural property market

Gateway to $3 billion, 4800 home new Coast city opens

The start of Peter Crosby Way at Sippy Downs, the northern access into the Harmony master-planned community at Palmview.

Palmview's $3b master-planned community of Harmony

Millionaire Nathan Birch to offload $55M in property

Nathan Birch wants to focus more on developing properties.

Sydney property investor has announced he is selling up

Ready to SELL your property?

Post Your Ad Here!