Hi
Just wondering if anyone has had any experience investing in rockhampton
Over the last year rockhampton city had a median growth of 46%!!
surrounding citys
berserker- 35.1%
depot hill – 34.6%The median price is still under 250K with many around 200k
Does anyone know any pros and cons of rocky
I know some areas are flood prone?
Alot of older fibro homes
What is fuelling the growth mining, cheap housing ect?
Any help also what is the best area to invest in??regards
seanWhy not talk to Stephen West who is the principal at Statewide Brokers.
I have personally bought and sold around 100 properties through Stephan over the last 6 years and can high;y recommend his integrity.
Give him a call on 07 49720788.
Tell him i referred you and I am sure he will look after you.
Richard Taylor | Australia's leading private lender
I agree with richards comment re: Stephen West. an agent i have had the pleasure of dealing with over the past 6 years. although i have used other agents in the town to purchase properties he will give you the 'truth' on the market and his 'gut' opinion. if you are a geniune buyer he will be happy yo help, i suggest 'do not waste his time' if you are not ready to move. with regards to investing in rocky, it is one of my favourite towns in QLD. great returns and great capital growth. i can only assume that it is driven by miners and i can only assume that this has happened because it is one of the cheapest 'growing' towns in qld. my 1st purchase in rocky was 76000 in 2002………my last purchase in dec last year was 228000. still happy.
marten
Wait till the flood waters gone. lol
pros – cheaper props like you say, more room for % capital gains
cons – low average income town, alot of uni students and dole bludgers
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