Investors hoping to purchase real estate in Rockhampton might want to consider purchasing units and townhouses in the city, as new figures show this type of property is particularly popular at the moment.
Data from the Real Estate Institute of Queensland (REIQ) shows unit sales increased 14 per cent across the state in the three months to September when compared to the previous quarter.
This marked a rise of 12 per cent when compared to the same period of last year.
Chief executive officer of the REIQ Anton Kardash emphasised that while significant price increases are yet to be seen, they are expected to emerge over the next six to 12 months.
This will no doubt be welcome news to anyone looking to sell property in Rockhampton, as the market shows further signs of improvement.
Mr Kardash commented: "During the September quarter last year, we experienced a significant jump in unit sales activity – up 40 per cent compared to the previous quarter – due to favourable stamp duty changes brought in by the state government."
Additional figures show a 21 per cent rise in the number of sales of properties valued in excess of $1 million when compared to the previous three-month period.