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.

Johns Landing sale would be campers' loss

CAMP HOME: Johns Landing is home to many people who might otherwise be living on the streets of Noosa.

Noosa Council looks to buy riverside site

Rainbow's end in Noosa redraw is Noosa's gain

BETTER CHANGE:The new look Noosa electorate.

Boundary rethink "makes sense”

Local Partners

Sam Armytage and Tom Cruise? Saaaaay what?

SAMANTHA Armytage has hit back at rumours she’s dating Tom Cruise, following reports the pair had hit it off during an interview on Sunrise.

Musical tribute to flood volunteers released

Songwriter honours flood volunteers who helped their neighbours.

Lismore songwriter Simon Thomas was moved by strangers' kindness

Karl Stefanovic's rant about Schapelle Corby 'a bit rich'

Karl Stefanovic is sick of hearing about Schapelle Corby.

Maybe he just wanted to make himself the story.

Could Schapelle be heading for Gladstone?

Australian Schapelle Corby is escorted by Bali Police at the parole office in Denpasar, Bali, Indonesia, 27 May 2017.

Schapelle's mother teases her free daughter could be Gladstone bound

Six things you never knew about Men in Black

Mushu the pug

It's been 20 years since Men in Black first hit cinemas

10 strange stories behind famous sex scenes

Khaleesi and Khal Drogo in a steamy moment.

Every set has their own way of filming sex scenes

HBO spills new details on Game of Thrones’ final season

Game of Thrones’ eighth and final season will only have six episodes.

New details about what to expect from the eighth, final instalment.

New $46.7m counter-terrorism facility to be built in Wacol

Premier Annastacia Palaszczuk, pictured with Police Commisioner Ian Stewart, has announced plans to build a new counter-terrorism facility in Wacol.

The facility will be built over three years.

Good bones, position and potential

Four-bedroom home in Noosa Hospital precinct goes to auction

Home to a sex worker: Sordid history of iconic Coast shed

Milojevic Djordjevic's daughter Linda at the derelict shed on Yandina-Coolum Road.

The shed was once a liveable 'barrack'.

This is real estate's billion-dollar man

Bob Wolff at AREC with John McGrath of McGrath Real Estate.

They don’t call him the “Billion dollar man” for nothing

Man's amazing comeback from monster crisis

Pat O'Driscoll agents Penny Keating and Doug Webber sold 56 Agnes St, The Range at auction over the weekend.

NOT long ago, he sold his possessions to pay staff. Now he's back.

Ready to SELL your property?

Post Your Ad Here!