Sales up amidst steady prices
ROCKHAMPTON's property market is like a pendulum that always swings back, says local woman Kath O'Connor.
Mrs O'Connor, who has a south Rockhampton house on the market, said that despite the tough real estate climate earlier this year there was good interest in her property, especially leading up to Christmas.
The latest Real Estate Institute of Queensland report reveals the median house price in Rockhampton for the September quarter was steady at $312,000.
However, sales had jumped 14% as buyer confidence returned after the floods and the resources industry continued to expand in Central Queensland.
REIQ Rockhampton zone chair Noel Livingston said Rockhampton and surrounding areas were benefiting from the region's mining boom.
PRD Nationwide research this week revealed Gracemere as Queensland's top growth suburb, with 96 house sales in the six months to June this year.
"We are receiving plenty of enquiry and sales from workers who are involved in the resources sector who are interested in buying in new areas such as Gracemere so they can commute to their jobs," said Mr Livingston.
"Rockhampton, geographically, sits in a very nice place to make the most of the booming mining industry."
He said the REIQ figures showed a high volume of sales activity in the lower price bracket.
About 60% of all sales in Rockhampton over the quarter were for under $350,000.
"The top end of the market in Rockhampton is still sluggish with anything priced over $500,000 harder to sell," he said.
However, Allenstown recorded a 19% increase in its median house price, with sales of expensive properties over the last quarter.
Mrs O'Connor said if a higher bracket house was nicely appointed and presented well it should have no trouble selling.
September House Prices
Rockhampton (LGA): median sale price $312,000, quarterly growth -0.1%
Allenstown: median sale price $347,500, quarterly growth 19%
Berserker: median sale price, $230,500, quarterly growth -3.2%
Frenchville: median sale price $341,000, quarterly growth 8.3%
Gracemere: median sale price $322,500, quarterly growth -5.8%
Kawana: median sale price $306,000, quarterly growth -4.4%
Norman Gardens: median sale price $390,000, quarterly growth 1.2%
Park Avenue: median sale price $270,000, quarterly growth 3.8%
The Range: median sale price $313,000, quarterly growth -6.8%
Wandal: median sale price $280,500, quarterly growth -4.9%
Yeppoon: median sale price $357,500, quarterly growth -16.3%