Login
Rockhampton primed for growth: report
Rockhampton has been listed in Smart Property Investment’s Fast 50 report as a hotspot in coming years, according to two leading property experts.
To hear Smart Property Investment’s editor Phillip Tarrant discuss the Rockhampton property market on 612 ABC Brisbane click here
Lower entry prices and a diverse economy, coupled with a large population, are some of the fundamental growth drivers that will put upward pressure on property prices, Property Investment Professionals of Australia chair Margaret Lomas said.
“This is a buy now and wait for 3 -5 years for some action type of investment,” Ms Lomas said.
“Buy-in prices are low at around $220,00 - $250,000, with strong yields around 7.5 per cent, and so you can hold with little financial stress,” she said.
“I see this area benefiting from the flow on effect of Gladstone without the high risk that mining areas traditionally bring.”
NextHotSpot director Luke Berry, who also picked Rockhampton as a growth area, believes it is one of the focal points of the massive development of resources industries in Queensland.
“While the scale of investment is less than at Gladstone, it is still significant and boasts several cheap areas such as Beserker that are set to boom,” Mr Berry said.
The median house price and median unit price in Rockhampton is $210,000 and $447,500, respectively.
Want to see more stories from trusted news sources?
Make Smart Property Investment a preferred news source on Google.
Click here to add Smart Property Investment as a preferred news source.
Free investor loan check
Better property decisions start with smarter lending.
A free 15-minute finance check for property investors.
What are your lending goals?
Choose a goal to request a callback.
Ready to talk?
Book a 15-minute call →Finni Pty Ltd · Australian Credit Licence 384324 · Privacy