Does anyone have experience investing in Rockhampton?

Viewing 7 posts - 1 through 7 (of 7 total)

doogs1357
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@doogs1357
Join Date: 2008
Post Count: 15
September 27, 2010 - 6:11 am
I'm a Sydney based property investor with 5 houses under my belt. I've been doing some rearch into Rockhampton and the fundamentals seem good.
– Growing population
– Good public services
– Affordable housing
– Attractive rental yields
Can anybody offer any advice on areas to look at, or avoid? Any experience in the local market is greatly appreciated!
Thanks,
Doogs
Television
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@television
Join Date: 2010
Post Count: 12
September 27, 2010 - 8:41 am
Dogs,
Pardon me for being rude and I hope you don't mind me asking but I'm attempting to research areas for my first IP and was wondering how you gained access to statistics like rental yields and rate of population growth?
doogs1357
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@doogs1357
Join Date: 2008
Post Count: 15
September 28, 2010 - 2:13 am
Hi TV,
Population growth is detailed on the ABS website.
Rental yeilds are at the back of the Australian Property Investor magazine.
Good luck mate!
Television
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@television
Join Date: 2010
Post Count: 12
September 28, 2010 - 2:42 am
Much appreciated mate, thanks very much.
Brad Whittington
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@brad-whittington
Join Date: 2005
Post Count: 1
September 28, 2010 - 3:37 am
Doogs, look for older houses around Berserker, Frenchville, Park Avenue even Kawana, avoid lower areas such as Lakes Creek road, Depot Hill & Port Curtis. These older houses on larger blocks could have good development potential plus the higher set houses are easier to move when developing blocks.
camnlisa
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@camnlisa
Join Date: 2004
Post Count: 21
September 28, 2010 - 5:11 am
Hi Doogs
Definitely research the areas that flood – Rocky is prone to this and we are set for a real wet season this year. There are also some very rough areas in Rocky so look into this also.
Lisa
moxi10
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@moxi10
Join Date: 2010
Post Count: 194
August 29, 2012 - 6:01 am
Hi All
I've been researching Rocky long distance and have gone through old posts on this site. This last comment from Lisa caught my eye, and I'm interested to here from anyone with local knowledge on the subject of the "rough areas" to avoid. I'm interested primarily in areas north of the river and out of the flood zone, focusing on Berserker in the North Rockhampton Residential Consolidation zone near Musgrave Street. Can anyone offer any advice about this area? Any particular streets or areas to avoid there, such as a concentration of housing commission properties? I will visit the area before signing a contract, but advice from anyone with experience there would be appreciated.
Thanks, Tony