Norman Gardens
QLD
4701
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DISCOVER OUR METHODS
HOW DO WE SELECT OUR MARKETS?
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.
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.
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 Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.
The target LGA
Rockhampton
Region Overview
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.
The target SUBURB
FRENCHVILLE 4701
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
Lets look at the numbers
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
Lets look at the numbers
Infrustructure Profile
The Rockhampton region has large amounts of infrustructure propjects in place to support economic growth
Lets look at the numbers
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Market Performance Over 1 Year
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10.6% 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 6.59%
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.
-3.70% 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 and negotiations begin to tighten up.
Days on market have reduced since December 2020 by -35.9% to 33 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 27.6% 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 19.2% 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.
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
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
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
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
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
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
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
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
Why do we suggest this market?
Please make sure to go though all the details and get back to us as soon as possible
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Property Portfolio Growth Partners
- 1300 671 341
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- 143 Pittwater Rd, Manly, NSW, 2095
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