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.

Laidley singer set for centre stage on The Voice

Judah Kelly - Mackay's Got Talent 2014.
Photo Lee Constable / Daily Mercury

Judah Kelly out to impress on national show

Lockyer High's rugby league program in session

KICK-OFF: Lockyer District High School's 9/10 rugby league side head onto the field for their match against Beenleigh last Wednesday.

Lockyer High's new rugby league program is in its infancy.

Council urged to improve road safety near skate park

LUCKY BOY: 12-year-old Ryley Barnes was hit by a car while riding his BMX bike on Bertrand Ave.

The Kensington Grove community has been pushing for safer access.

Local Partners

Dancing the towns of the Great South East

IN A celebration of traditional dancing with a modern twist, dancers from as far as Stanthorpe and Brisbane will collide for the dance event of the year.

Play School live concert coming to Fraser Coast

Come and celebrate with Big Ted, Little Ted, Humpty and Jemima at the Birthday Party for Play School.

Find out when and where to get tickets.

Toowoomba woman's Africa trip to share song

HERE TO HELP: Women in Harmony music director Elaine Coates (right) will travel to Uganda later this year to work with the African Children's Choir. Former members of the choir travelled to Toowoomba to perform last year incuding Elizabeth Panga (left) and tour manager Abraham Kiyingi.

A Toowoomba woman is preparing for a trip of a lifetime

Hundreds of cars going for bargain at record Coast auction

Mike Clayton at the Nambour car yard in the lead-up to a previous year's sale.

Impounded cars going under the hammer, no reserves

Queensland showdown for My Kitchen Rules grand final

MOTHER-daughter team Valerie and Courtney are off to meet Amy and Tyson in My Kitchen Rules Grand Final.

Watch Toowoomba teen thrill on The Voice tonight

STAR: Brittania Clifford-Pugh is on The Voice tonight.

'We've applauded her many times in her performances'

Simon on life after Married At First Sight

Simon McQuillan marries Alene Khatcherian in a scene from the TV series Married At First Sight. Supplied by Channel 9.

SIMON opens up on life after the cameras stop rolling

Netflix defends 13 Reasons Why

The Netflix series was based on a popular novel written by Jay Asher.

THE disturbing Netflix series has been dogged by controversy.

Fiance’s rage: ‘It’s disgusting behaviour’

Felicity breaks down on Seven year Switch.

Man’s “disgusting behaviour” on Seven Year Switch shocked viewers.

This MKR judge’s face says it all

Although maybe she accidentally sat on a pine cone.

MKR semi-final recap: Squab heads and bad desserts.

Carrie Bickmore caught out before the cameras rolled

The bubbly host looked like her usual... but

Couple gets rich renovating run-down city homes

RENO RADICALS: Baden and Nelson Marino-Hall have turned three Toowoomba homes around for profit, saying the Garden City was a haven for renovators like themselves.

The couple has already turned around three homes

Townhouse pitch raises questions over 'high density'

BIG PLANS: Residents have a chance to offer their opinion on plans to build 42 townhouses at Raceview.

Developer plans 42 townhouses for Ipswich suburb

7 million dollar city homes for sale right now

3 Keira Court, Blue Mountain Heights.

Here are seven of Toowoomba's best, and most expensive, houses

'Raping and pillaging': Landlord's anger with nightmare cost

Chris Duane, who is chairman of the body corporate for Terralina Court, says insurance companies are charging too much for premiums.

BODY corporate boss unleashes on huge costs dumped on home owners.

Lisa Curry and fiance sell up Sunshine Coast property

I'm a Celebrity, Get me Out of Here! contestant Lisa Curry with partner Mark Tabone after being evicted from the South African jungle. Picture: Dylan Robinson ***EMBARGOED 7:30pm March 9th***

Plans for dream home on hold at Mount Mellum place on market

Ready to SELL your property?

Post Your Ad Here!