Fresh start for Rockhampton Property Market in 2020

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Summer 2020 is one we might want to forget, from the tragic bushfires to the threat of coronavirus. But moving into Autumn, the property market is looking as bright for Rockhampton and regional Queensland as a rental after a fresh spring clean.

So why am I feeling so optimistic about our local property trends? Well for a start, Ray White Rocky has kicked off the year with a few big wins.

Plus, the latest research and news is that consumer confidence is up, so are house prices, and there have been some big boosts to our local Rockhampton economy.

Local homes, local wins

In 2020 the Ray White team has hit the ground running, selling over 40 properties in the month of February. Don’t believe all the hype about houses staying on the market forever, you just need the right team to find you the right buyer! Rental vacancies remain at a low ~1%, which is a pretty good sign that Rockhampton’s economy is slowly but surely warming up.

Personally one of my favourite moments in summer 2020 was this feedback from one of my recent clients:

“Melinda kept us informed, was helpful and calm and made a stressful purchase much easier to navigate”.

Summer is all about keeping your cool so that stood out!

Regional Queensland sales are picking up

Another of my amazing customers said;

“Melinda took the time to find the right place for us that matched our needs and price”.

Timing and patience are everything in real estate.

As real estate experts at Ray White Rockhampton, we stay positive and focus on helping our clients make the most of the market no matter what its current state is. And the current state is looking better and better.

House prices in regional Queensland increased by 0.8% in the first month of 2020 and 2.4% in the last quarter of 2019, according to industry data leaders Core Logic.

Suburbs like Yeppoon have been doing really well, with 10.77% gains and its popularity as a beach destination. So it’s all about hanging in there and riding out the seasons.

Consumer confidence is on the rise

Not to mention that a new study just found Aussies selling their houses are twice as happy as they were two years ago.

This could be related to improving house prices. But in general, the number crunchers are finding that consumer confidence is on the upswing. Two recent reports from the ME Bank and ANZ-Roy Morgan, found consumers are more optimistic and spending more because they feel their financial situation has improved.

That’s got to be good news, right?

Big boost for Rocky industry

Not only are home owners and buyers more confident, but did you see Ray White’s recent article on the new $10 million Central Queensland University Manufacturing Hub?

  • The Queensland Government has come through on its commitment to beef up manufacturing in the Rocky region.
  • The Manufacturing Hub was officially launched in mid-February.
  • It will be a launching pad for innovation and partnerships in three main areas: rail, metal, and food production and technology.

Local businesses say the Hub has incredible potential to unlock the door to more jobs and investment in the region.

This is great news for buyers, sellers and renters, because jobs are what keeps the local economy ticking and lead to more property options for everyone.

Along with the Hub, don’t forget about the Adani Carmichael coalmine, Rockhampton Ring Road and other big new developments.

With new infrastructure, jobs and investment, it’s a win-win for Rockhampton and the region. Some experts say Rocky will be an “investors’ paradise”, with its affordability, rental demographic and the nature of future jobs (FIFO) making our beautiful region especially appealing to investors.

Looking forward to more growth in 2020

Just like the seasons, property and regional economies have cycles. We’ve all been patiently waiting for Rocky’s turn for growth, and we understand that people feel pressure when the market is in a downturn.
Here at Ray White, we’ve seen the slow but steady recovery from the end of the mining boom, and like summer sun turning into autumn breezes you can sense the change in the air. It’s an exciting time!

Melinda Kirby at 6 stenlake avenue
6 Stenlake Avenue, Kawana — A great result! SOLD Off-Market within 48hrs with multiple parties interested. If you’d like to know how you can sell your home without going to market, call me for a friendly chat!

Staying in touch

With so much happening I’ll be keeping you posted with my real estate tips, like how to get the most out of your property if you’re getting ready to sell. Or how to negotiate for the best possible outcome if you’re looking to buy.

Drop me a line if you have any burning real estate questions you want me to answer. And in the meantime, stay positive!

Want to find out more about the current market?

If you’d like to discuss the current market in the Rockhampton, Gracemere or Capricorn Coast region, get in touch with Melinda today for a no-obligation chat!

Melinda Kirby Profile photo on the Rockhampton CBD Riverbank

Article by Melinda Kirby

Melinda Kirby is a confident and motivated Sales Consultant at Ray White Rockhampton who understands the importance of strong relationships in achieving exceptional results.

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