News

Rocky hears mining echoes

Keith and Del Williams are hoping to sell their lovely home at 8 Murlay Ave, Frenchville.
Keith and Del Williams are hoping to sell their lovely home at 8 Murlay Ave, Frenchville. Emma McBryde

AS the mining boom blows Central Queensland real estate prices sky high, Rockhampton is finally starting to hear the echoes.

It's good news for Keith and Del Williams, who are selling their Frenchville home to follow their dreams of life as grey nomads.

The Real Estate Institute of Queensland recently reported that Rockhampton's quarterly median house prices to March increased 1.6% to $320,000.

While numbers across Queensland are some of the most positive within 18 months, they are nothing compared to the real estate hot spot of Moranbah.

The average price for a basic home in the mining town is a whopping $750,000, up 45.2% over the past year and 6.4% in the past quarter.

But those miners not wanting to dig quite so deep into their pockets are looking at homes in nearby cities, such as Rockhampton.

Ray White Rockhampton real estate agent Juan Alvarez said one in every two home-buyers were miners, some as young as 20-years-old.

But REIQ Rockhampton zone chair Noel Livingston said the industry was not relying on the mining sector for business and there had been a lot of demand at the lower end of the market.

"Anything priced up to $400,000 is selling relatively quickly," Mr Livingstone. "Interest is coming from local investors, those associated with the mining sector, and from the southern states."

Properties in Wandal have proven popular, rising from 26% to $315,000 this quarter.

Gracemere's prime location near the resources hub of Gladstone has helped it to rise by 11.4% up to $341,000. While Gladstone appears to have plateaued after posting a median house price increase of 16.5% over the past year.

But Yeppoon and The Range have suffered drops of up to 14%.

The Williams said it would be hard to let go of their magnificent view overlooking much of Rockhampton and the Fitzroy River.

But if the right cashed-up miner comes along, they will happily hand over the keys.

"I feel that things are happening around Rockhampton," Mr Williams said. "You can buy a house now and it will double in time."

 

MINING BOOM

Median house prices:

  • Blackwater: $410,000
  • Clermont: $300,000
  • Emerald: $440,000
  • Gracemere: $370,000
  • Isaac region: $703,000
  • Moranbah: $750,000
  • Rockhampton: $320,000
  • Yeppoon: $347,500

Source: REIQ

Topics:  central queensland house prices mining boom real estate real estate institute of queensland rockhampton yeppoon


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

EXPLAINED: Bushfire emergency terms broken down

CONCERN BUT NO PANIC: A huge bushfire impacts Peregian Springs and Coolum residents as the flames threaten their homes. The fire burnt over 500 hectares and dozens of emergency crews were deployed throughout the night. Firemen battle the heat and the blaze.

Emergency alerts and lingo in layman's terms

Man receives head injury in car, bicycle crash

RACQ Careflight Rescue helicopter, generic. Photo Contributed

Man airlifted to hospital after motorway collision

Inside the fire zone: Coolum blaze devastation

Wildlife rescue workers go looking for injured wildlife

Local Partners

Woman taken to Coast hospital after snake bite

A WOMAN has been taken to hospital after being bitten on the foot by a snake on the Sunshine Coast.

How Stay at Home Mum blogger Jody Allen struck it big

Jody Allen and Walt Collins will co-host the Seven Network's Stay at Home Mum television series from April.

Jody Allen's star continues to rise at incredible speed

Comedy with extra cheese

Paul Fenech is taking his TV series Fat Pizza on the road for a series of live shows.

Fat Pizza and Housos are coming to town

One of the top five car collections in the world

A 1950 Alvis TB14 Roadster is a highlight in the museum.

Gosford home to largest, privately-owned classic car collection.

MOVIE REVIEW: Trespass Against Us a 'tender' crime film

Trespass Against Us doesn't follow the classic crime drama trajectory, because at heart, it's really a story about fathers and sons.

Crocodile, hippo fears as I'm A Celeb filming hit by flooding

Flooding hits the set of I'm A Celebrity ... Get Me Out Of Here!

Fears crocodiles and hippos could infiltrate I'm A Celeb camp

Small screen users make switch to smaller screens

In this photo taken Oct. 16, 2013, a girl plays Supercelll's Hay Day game on an iPad. The Finnish 'Clash of Clans' mobile game maker Supercell said Wednesday, Feb. 12, 2014, it plans to launch its third game next month on a tide of soaring revenues and profits. The new game, 'Boom Beach,' will be launched in March. It's been tested in Canada and Australia, ranking fifth in both countries' iPhone app store lists, according to the company. (AP Photo/Lehtikuva, Milla Takala)  FINLAND OUT

The digital age generation makes the switch

Nadia visits Coast to escape Married At First Sight drama

Married At First Sight's Nadia Stamp takes a breather from the show's drama at Mooloolaba.

MAFS bride unwinds on the Coast ahead of commitment ceremony

‘I didn’t stuff it up like you have’: Plibersek on Q&A

“I didn’t stuff it up the way you have stuffed it up, George”: Tanya Plibersek.

Plibersek lashed out at Brandis to plenty of applause

MKR cheating scandal: Alyse and Matt hit back

Matt Jenner shows his MKR rivals the curry paste he and Alyse used.

Alyse and Matt Jenner have hit back at claims they cheated on MKR

The spare part that forced the ABC off air

Aunty's showing her age ahead during new IT roll out

Why ABC Coast FM has taken so long to resume local programming

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Expert: Why renters, home buyers may struggle

Matusik Property Insights director Michael Matusik.

What's next for the city's housing market

Massive seaside development of 3200 lots

DESIRABLE LIFESTYLE: The masterplan for the proposed Elliott Heads Estate.

"There's nothing else left along the coastline of Queensland now"

Potential home buyers punished for doing the 'right thing'

Should I go to university or buy a house?

50 more high rise buildings planned for Brisbane CBD

Height limits have been scrapped for Brisbane CBD

800,000 more people expected to work in city over next 20 years

Ready to SELL your property?

Post Your Ad Here!