Entry level, mid-price Rockhampton market showing promise: Herron Todd White
Property around Rockhampton is showing good value for money in comparison to previous years, according to Herron Todd White.
Herron Todd White's Month in Review for October said due to the downturn in the mining industry and lack of investors, purchasers are now seeing property offering good value for money compared to a number of years ago.
With the downturn in the mining industry and lack of investors, low priced, entry-level markets and some mid price properties are now seeing more activity than the higher priced markets.
Such areas include Depot Hill and Rockhampton City on the south side and Berserker, Park Avenue and areas of Koongal in the north.
"Entry level buyers can pick up property now in the low to mid $100,000s which may or may not be in a flood prone area," it said.
"These are generally older style dwellings with limited ancillary improvements and vary in condition.
"Cheaper priced properties of better quality and generally out of flood areas can be expected to achieve up to around $250,000."
