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.

Cyclone Debbie image gallery

Cyclone Debbie hits the Whitsundays, 1pm Tuesday March 28.

Cyclone Debbie wreaks havoc in the Whitsundays.

Yachtie takes refuge in mangroved creek

A yacht moored in Pioneer Bay bares the full brunt of Cyclone Debbie.

IAN Willett is no stranger to cyclones.

Local Partners

TC Debbie still packing a punch but downgraded to Cat 3

Tropical Cyclone Debbie was down graded to a Catogory 3 at about 3pm, but its not over yet.

CMC Rocks is just the ticket for Eric Paslay

HAPPY TO BE HERE: American country singer Eric Paslay will play CMC Rocks 2017.

Country music singer is touring overseas for the first time.

Daredevils of Nitro Circus to thrill Lismore

Oakes Oval in Lismore will host the sell-out, worldwide phenomenon that is Nitro Circus Live during its 15-city Australian tour in April.

The (in)famous 55-foot high Nitro Giganta ramp is the centrepiece

CHOOSING LIFE: Emu Park veteran leads way out of PTSD

WINNING THE FIGHT: Andrea Josephs with her daughter Kyla (10) at the Emu Park Anzac Memorial ahead of her official Matilda Poppy launch this weekend.

Andrea Josephs will officially launch Matilda Poppy in new hometown

Married at First Sight's controversial groom laying low

MARRIED At First Sight groom Anthony is laying low as he cops national backlash after being portrayed as a “controlling” husband.

Seven, Nine’s crazy cyclone battle

Ruth Western ain't got time for Cyclone Debbie.

Reporters are battling fierce winds, and locals who won’t play ball.

MAFS bride shops around new love story

Nadia Stamp has put a price tag on her new man.

Nadia is shopping her $4000 new man ... and it’s not Anthony.

Amy Shark takes out top prize at Queensland Music Awards

Amy Shark won three Queensland Music Awards last night.

VIOLENT Soho, Dami Im and The Amity Affliction also honoured.

Kyle Sandilands declares war after dodgy editing

Shock jock Kyle Sandilands has issued a grim on-air warning

HEARTBREAK: M'boro farmer misses out on love on reality show

Susan Rawlings and Sean Hollands in a scene from Married At First Sight. Supplied by Channel 9.

Hearts were broken during Sunday's Married at First Sight episode.

MKR recap: The one where they actually get around to cooking

It’s amazing. They’re actually doing some cooking on this episode.

IT’S been nine weeks and the MKR teams shock us by actually cooking.

Coffee king snaps up gym

Mooloolaba Healthworks site sells for $2.1million

Luxury hotel expands $400m water park development

Developer to push on with second stage of massive new water park

Oceanside commercial opportunity in Sunshine Coast hot spot

Adjoining Kings Beach redevelopment sites "one of a kind''

Dalwood waterfall up for sale

Two people have died at Dalwood Falls, Ballina.

How would you like to own your very own waterfall?

Ready to SELL your property?

Post Your Ad Here!