If you're looking to invest in real estate in Rockhampton, one of the main points to consider is the type of property you'd like to acquire.
After all, there are a number of differences between investing in a house and investing in an apartment, with the main one being the type of income you're hoping to accumulate.
For example, if you're looking to make long-term capital gains, houses are more likely to increase in overall value heading into the future. The fluctuations in the property market make it a safe bet that your property could increase in value over the next ten years.
On the other hand, apartments tend to accumulate less capital gain. However, due to the demand for metropolitan units, their median rental prices are generally higher. This means that you could well receive more income from tenants rent week to week.
This could be good for making your monthly home loan repayments – allowing the property to effectively pay itself off over time. Furthermore, there tends to be less upkeep necessary for apartments and units, which could be good if you aren't able to be a hands-on owner.
However, it all comes down to the type of income you'd like to earn from your investment. Have a chat with the team at Ray White Rockhampton about the types of investment options available to you in the area.
THE Queensland Government delivered on its promise to support manufacturing in Central Queensland, with the opening of a new Manufacturing Hub at Rockhampton’s CQUniversity campus on Tuesday. Minister for Manufacturing Cameron Dick (who was joined by CQUniversity senior deputy vice-chancellor Alastair Dawson, Member for Rockhampton Barry O’Rourke and Member for … Read more
Despite the 2020 market hitting the ground running, sales have started off low with only two sales breaking the $500k mark in the last week. Most sales, apart from a handful on the coast, failed to fetch prices higher than recent sales suggesting Rockhampton is still some way off former … Read more