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Rockhampton Crowned Top Performing Region

By David Bell

Demand for real estate in Rockhampton has been so high over recent months that the region has been named Queensland's top performer.

The Real Estate Institute of Queensland (REIQ) assessed the state's property market over the 12 months to March and found that Rockhampton was head and shoulders above the rest.

The area recorded a median house price rise of 7.8 per cent during the year, meaning the average property in the area is valued at $339,500.

Chief executive officer of the REIQ Anton Kardash believes Rockhampton's success is down to a variety of factors.

He commented: "Rockhampton's good result is partly due to its location near a number of mining precincts.

"It is also likely to be benefitting from its neighbour Gladstone's market cooling down somewhat after several quarters of very strong results due to the resources boom."

The results covering the March quarter showed that ten out of the 12 major regions across Queensland posted a steady or improved median house price result over the course of the year.

The REIQ believes that this is evidence that the Queensland market is currently improving in a sustainable way, bringing benefits to investors and property owners alike.

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