fbpx

Rockhampton Market App

Norman Gardens

QLD
4701


Learn More

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.


Learn More

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


Read More

Market Performance Over 1 Year


Previous
Next

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

Do you want to chat to our team?


Book a Quick Call



Facebook


Instagram


Linkedin


Google


Youtube

Nationwide Operations

Property Portfolio Growth Partners

  • 1300 671 341
  • hello@localhost
  • 143 Pittwater Rd, Manly, NSW, 2095
  • ABN: 58 633 337 854

  • Book a Call

© 2020 – The Investors Agency PTY LTD

Contact us

|

Privacy policy

Scroll to Top