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29 Pearson Street
West Rockhampton

Jude is in the position to be able to buy a property which will start and balance his portfolio. With a good serviceability, we’re able to cast our nets our far and wide and find the right market that will allow him to pull out equity quickly but also support a property on its own. Our aim is to be able to afford another property in 10 to 12 month. Balanced returns are important in this purchase. 

It’s with great pleasure to present

Your Focus Market
and property

DISCOVER OUR METHODS

HOW DO WE select OUR MARKETS?

In proud partnership with Australia's top property economists, we formulate specific data reports based on our client's requirements and the markets we shop in. Our partners have been awarded the Innovation Patent in August 2016 for his invention of the Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.

Our methodology aligns with a number of different driving factors. Some of these include government funding, economic uplifting projects, infrastructure introduction, flanking market affects and more. However, the underlying factors comes down to a couple of basic principals, supply and demand from population movement and demographic demand.

Targeting locations which will grow in value by understanding what these push and pull factors are, when they will occur and how long they are due to last is what allows us to make assumptions for strong market growth.

your Hot market

Rockhampton region

Rockhampton and its property market has been largely unaffected by the pandemic and indeed has benefited from the Exodus to Affordable Lifestyle which has been enhanced by the virus lockdown phases. These attributes, plus a roll-out of numerous major construction projects, is turning Rockhampton into a magnet for southern migrants and first-home buyers. 

Property prices have been rising throughout 2020 but remain highly affordable and vacancies are tight – mostly below 0.5%. 

Rockhampton’s diverse economy is being boosted by the resources sector with construction of the Adani coal mine well under way. In the last 12 months, contracts totaling $1.5 billion have been awarded to local operators. Other projects lifting the economy include the transformation of the CBD,  upgrades totaling $1 billion to major transport routes, the $2.5 billion redevelopment of the Australia-Singapore Military Training centre at Shoalwater Bay and the emergence of new industrial estates. 

Considered the ‘Beef Capital’ of Australia, Rockhampton is also the gateway to Capricorn Coast tourist attractions and a centre for manufacturing, mining and the military. 

Overall, Rockhampton presents as an affordable market with good growth prospects. The Queensland Infrastructure Plan published by the State Government nominates  Rockhampton as the primary service centre for Central Queensland (with Gladstone as the industrial hub). Overall, Rockhampton presents as an affordable market with good growth prospects.

WEST ROCKHAMPTON 4700

Market Conditions

9.7% median market growth in 1 year

The markets movement over the past year, paired with supportive driving data shows us there is good growth to come. 

The current rental yield in the market is 7.38%

As we are looking for a positively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.

-3.47% vendor discounting shows us an understanding of the market's performance

As properties begin to grow in value, vendors are realising the interest in the market and discounting less.

Days on market have reduced since July 2020 by -16.3% to 36 days.

A reduction in days on markets indicates that pent up demand is causing property in the areas to sell at vendors expectations, which empowers the local property economy.

The number of new listings has increased by 11.1% in the last year

The increase of new listings coming onto onto the market shows that vendors are wanting a piece of the action and are willing to gauge the market.

Stock on market has increased by 16.7% over the last year

As vendors begin to realise the markets potential, savvy owners are putting their properties on the market to get in on the action. This is expected to turn in the next 4 to 6 month as values rise.

Market Performance Over 1 YeaRs

Forecasting Reports

The Rockhampton region will be experiencing large demographic movement until 2036 and beyond. With a vacancy shortage, market demand is expected to rise

Infrustructure Profile

The Rockhampton region has large amounts of infrustructure propjects in place to support economic growth

2015 Futures Report

The current population of 78,600 is expected to rise to between 118,000-130,000. An potential 65% rise, or 4.3% per year

Economically influencing projects

Central QLD Coal Project Mineralogy (Clive Palmer)
VALUE: TBA: 2 open-cut coal mines

STATUS: Proposed

IMPACT: Jobs: 275 during construction; 500 operational 
Raglan Solar Farm, Bouldercombe Eco Energy World
VALUE: TBA

STATUS: Approved

IMPACT: Would power 60,000 homes
Mount Morgan Gold - Copper Project Carbine Resources
VALUE: $80 million. A former mine would be resurrected and a new plant built

STATUS: Proposed

IMPACT: Jobs: 180
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Integrated Wind, Solar & Battery Power Station - Lacour Energy
VALUE: TBA: 2 open-cut coal mines

STATUS: Proposed

IMPACT: Jobs: 275 during construction; 500 operational 
Rockhampton Northern Access Upgrade
VALUE: $157 million

STATUS: Under construction Completion expected in 2021

IMPACT: Jobs: 400
The Highway will be duplicated, allowing for increased traffic
Rockhampton Ring Road State Govt
VALUE: $1 billion. The Federal Govt will fund $800mil;
State Govt $200mil

STATUS: Approved
Construction is expected to begin in 2022

IMPACT: Jobs: 800
A 18km bypass will link Yeppen Round about to Parkhurst
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Capricorn Highway— Rockhampton To Gracemere Duplication
VALUE: $75 million the Federal Govt will fund $60mil; State Govt $15mil

STATUS: Under construction.
Completion is expected in 2021

IMPACT: Jobs: 180
The 4-lane highway will increase capacity and reduce travel times
Rockhampton Airport Terminal Upgrade
VALUE: $41 million

STATUS: Under construction.

IMPACT: Improved security and upgraded lounges
North Coast Rail Line Upgrade Rockhampton - Townsville State Govt
VALUE: $100 million

STATUS: Under construction
Completion expected in 2021

IMPACT: Jobs: 300
Eight extra passing loops will allow freight trains to increase carrying capacity
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Rookwood Bridge Upgrade
VALUE: $13 million

STATUS: Under construction

IMPACT: The new bridge will prepare the way for the construction of Rookwood Weir
Rookwood Weir Project Gladstone Area Water Board and Sunwater
VALUE: $495 million. Funded 50/50 by the Federal and State Govts

STATUS: Approved

IMPACT: Jobs: 150
Expand irrigated agricultural production
Capricornia Correction Centre Expansion
VALUE: $240 million

STATUS: Under construction

IMPACT: Jobs: 172 during construction
Will create 348 extra cells
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New Art Gallery and Cultural Precinct Devt, 212–214 Quay St State And Local Govt
VALUE: $36 million

STATUS: Under construction
Completion due in 2021

IMPACT: Jobs: 170 during construction
South Rockhampton Flood Levy
VALUE: TBA

STATUS: Proposed;
Awaiting funding

IMPACT: Jobs: 185;
Would protect 1,500 residential, commercial, industrial and rural parcels of land
Capricorn Integrated Resort Iwasaki Sangyo Co (Aust)
VALUE: $600 million. 300-room resort, air strip, 8,000 dwellings and wagyu cattle farm

STATUS: Proposed

IMPACT: Jobs: 8,500 over 20 years; 2,160 operational
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Great Keppel Island Resort Development
VALUE: $2 billion. Includes 1,300 holiday units, a hotel, marina, retail, golf course and airstrip

STATUS: Proposed

IMPACT: Jobs: 6,000 during construction;
1,500 operational
Industry Park, Gracemere Industrial Area
VALUE: $75 million

STATUS: Under construction

IMPACT: 25ha of industrial premises
Stockland Rockhampton Shopping Centre Upgrade
VALUE: $45 million

STATUS: Prosposed

IMPACT: An application for a dept store is in addition to the approval to extend the cinemas and entertainment precinct
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Bouldercombe Substation Upgrade
VALUE: $49 million

STATUS: Under construction
Completion expected in 2023

IMPACT: Jobs: 112
Aging power infrastructure will be replaced
Kinka Shores Housing Estate, Kinka Beach
VALUE: $350 million

STATUS: Approved

IMPACT: Jobs: 200
900 homes, school, retail centre, offices
Ellida Residential Development, Parkhurst
VALUE: $575 million

STATUS: Approved

IMPACT: 2,350 homes
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Sea Haven Estate, Yepoon
VALUE: TBA

STATUS: Approved

IMPACT: 120 homes
The Pines Residential Development, Yeppoon
VALUE: $500 million. A master-planned community

STATUS: Under construction

IMPACT: Jobs: 500 during construction
Will house 3,000 people
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OUR SUGGESTED PROPERTY

29 Pearson Street West Rockhampton, QLD, 4700

Property details

4

1

1

Asking Price

Target Price

Potential Rent

Potential Yield

$280K – $310K

$280,000

$380-$400 p/w

7.43% Gross

Where is this Property

Why is this a good option?

What should i know about this property?

Are there easements on the property?

There are no easements in the property

Easements are areas which need to be accessible by council or other similar authority figures. An easement could be related to sewage piping, gas lines or electrical works.

does the property fall in flood lines?

The property does not fall within flood lines.

Flood zones are caused by obvious causes. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments warrant higher insurance costs. 

Is the property correctly zoned?

Land Use 1: Single Unit Dwelling
Zoning: URBAN

Building and council regulation states that the dwelling on top of the land needs to be classified correctly for the type of structure that it is.

Are there any caveats on the property?

There are no caveats found on the property.

A caveat is a ruling or law attached to the property, usually with a contract attached to it. If this is the case, the caveat needs to be understood as to what it is, who it benefits and when or if it expires. 

Are we satisfied with the property's title?

Yes, initial legal searches are disconcerting.

The initial property title search shows a number of legal details, namely the lender, registered owner, administrative advice and more.

Are all council costs paid to date?

There are no records of outstanding council cost.

Outstanding council costs can come form CDC or DA work that has been put in action on the property. It could also come from maintenance charges and similar services.

Is the property in adequate condition?

Yes, the listing agent feels the photos represent and display fairly.

In communications with the listing agent, he/she has confirmed the condition of the property is as the listing shows. This will be verified by our team in the steps moving forward.  

What are the council rates for the property?

$3,399 per year

Council rates are paid by the owners and fund council work and operations. Generally, the smaller the population and larger the council, the higher the fee is.

What are the landlord insurance cost?

Approximately $1,200 per year

Landlord insurance is an compulsory free for the possession of a tenanted investment property. 

how many days has this property been on market?

This property is newly listed

There are 3 types of listing stages:

  1. On-market, this is found on major portals
  2. Off-market, this is for sale, but with the listing agent only
  3. Pre-market, this has been presented to us outside of the public

None of these types of listing types define the quality of the property.

When was the property Built?

The property was built in 1970.

The build year should be considered when purchasing properties of different structure types. The price of the property can be reflective of the build year vs the structure type. Some structure types age better than others. At a certain price point, it is worth remembering that land is the appreciating asset, while the dwelling is the depresiationg asset and can be reflective in the age of the property. 

When are the lease renewal dates?

3 or 4 months — whichever is decided

Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will on be possible at the time the tenants lease period has come to an end. 

What are the lease rates associated?

Can be rented for $380-$400 p/w

Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant. 

What to expect

THE BREAKDOWN

All cost associated to the purchase, management and upkeep of the property are taken into account and shown here, along with the rental returns based on today's conditions. Net results are based on 1 year results and consider all costs including interest only rates but exclude personal tax rates. The data available to us gives us an understanding of how market conditions are affected. We can make assumptions for the property to grow in value for the remaining growth cycle period.

all funds associated

Please make sure to go though all the details and get back to us as soon as possible

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