Rockhampton has long proved a hot spot for investors, but now efforts are being made by local authorities to ensure this remains the case for many years to come.
The regional council promised a number of initiatives would be put forward to ensure the city can meet the needs of current and future residents – and it has delivered.
Rockhampton mayor Margaret Strelow explained: "Under the plan, the core CBD area is poised for significant renewal as council waives infrastructure charges for eligible development applications lodged during the next two years."
She expects this will relieve the burden on developers and business owners, who will instead be able to focus on what the future has in store, rather than meeting bills running into "hundreds of thousands of dollars".
These plans are likely to come as good news to anyone hoping to invest in and rent property in Rockhampton, as the region takes steps to protect itself from whatever the future may have in store.
The new policy will be relevant to applications lodged between December 1 2013 and December 31 2015 where the development is completed within three years of approval.
Business owners in the city are being urged by the council to use the festive period to consider their plans for the coming year.
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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