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.

Firebird Trio performing 'outside the box' on tour

GIFTED MUSICIANS: Firebird Trio will play in Noosa this weekend.

On Sunday the critically-acclaimed Firebird Trio will play in Noosa

'Stella' effort by teenage musician

LOCAL TALENT: Stella McCloskey has just released her first EP.

Sixteen-year-old Stella McCloskey has just released her first album.

Kids do their bit to find a cure

FUNKY HAIR: Cameron (at rear) with friends Finley, Emma, Alana and Nate enjoying a funky hair day at Bambini Early Childhood Development to raise money for the Leukaemia Foundation.

Last week locals did their bit for the World's Greatest Shave

Local Partners

Cooroy Lifeline Denim Sale to raise funds for crisis line

Denim, jackets, leather goods, art, linen, tea towels, manchester and retro homewares all going cheap to raise funds for Lifeline's crisis support line.

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

Only one woman nominated for the Gold Logie

JESSICA Marais is about to star in a new Logies controversy, as the only woman to be nominated for Gold.

Beer in boot makes lasting impression at CMC Rocks

Country music star Tyler Farr posted this picture of himself drinking a 'booty' at the CMC Festival.

American country star Tyler Farr debuts at CMC Rocks

Our Caitlyn a No.1 hit at CMC Music Awards

RISING STAR: Caitlyn Shadbolt at the CMC Music Awards on the Gold Coast.

Caitlyn Shadbolt enjoys one of the most exciting weeks of her career

Steve ventures into the wild unknown on epic mission

Steve Backshall pictured along the Baliem River in a scene from Extreme River Challenge.

Wildlife presenter Steve Backshall tackles wild river challenge.

TV Insider: MKR has lost its recipe for success

My Kitchen Rules judges Colin Fassnidge and Pete Evans with guest judge Curtis Stone, right.

MKR needs a shake (up) of more than just the sauce bottle.

Travis Collins, Keith Urban win big at CMC Music Awards

Country music singer Travis Collins.

LEE Kernaghan also inducted into CMC Hall of Fame.

Firebird Trio performing 'outside the box' on tour

GIFTED MUSICIANS: Firebird Trio will play in Noosa this weekend.

On Sunday the critically-acclaimed Firebird Trio will play in Noosa

Immaculate inside and out

Substantial modern home with pool in Noosa lake-side location

Opportunities lined up at Noosa auctions

Variety the key to properties lined up for auction at Noosa Heads

Launch of brand and opening of new office

Brett Graham, Tony Warland and Dan Smith celebrate the new Ray White office opening in Burnett St, Buderim.

Ray White celebrate expansion

An extraordinary offering

The talk of town

Ready to SELL your property?

Post Your Ad Here!