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Property Investors in Rockhampton Have Options

By David Bell

Investors in real estate in Rockhampton will be glad to know that the area's vacancy rate is lower than surrounding regions.

The Rockhampton vacancy rate stood at 4.7 per cent at the end of September, according to data from the Real Estate Institute of Queensland (REIQ).

When compared to the 5.8 per cent vacancy rate in the Gladstone region, these figures show that those looking to rent property in Rockhampton are in a better position to bring in more income through higher rents.

According to the latest statistics from RP Data, for every one house in Rockhampton, there are 14 interested parties.

This is helping to contribute to Queensland's broader property market.

"Queensland's property market as a whole is undergoing a more steady sales recovery but we are starting to see some very positive results," said Anton Kardash, chief executive at REIQ.

"What is interesting to note is the flow-on effect this is appearing to have on our rental market with responses to our September survey clearly showing an increase in investor activity here, especially in the southeast."

Mr Kardash also said there is a growing trend of property owners choosing now to sell their properties in the state, giving investors in Rockhampton a wealth of options when it comes to bringing in extra income through real estate.

According to data from REIQ earlier in the year, house values in Rockhampton were at record levels with growth expected to continue.

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