Property

Rockhampton's Frenchville favoured suburb for safety

ROCKHAMPTON man Justin Nothling believes his home suburb of Frenchville trumps the others when it comes to security.

On top of that, he said Frenchville's proximity to schools and shops made it the most ideal location in Rockhampton for home buyers.

That's why the Rockhampton financial planner has bought a home about 500m up the road from his current Forbes Avenue house, which has been on the market for eight weeks now.

"It's secure and there is minimal crime in my area," he said.

New Real Estate Institute of Queensland figures showed Frenchville was the third fastest mover for the average number of days a Rockhampton property stayed on the market.

The average time on the market for Frenchville homes was 62 days.

However, it was Glenlee that outperformed the rest, spending an average of 27 days on the market.

The Morning Bulletin yesterday spoke to Glenlee resident Michael Thompson who said he had lived on his property for 22 years.

When he first bought his $42,000 0.4ha block in the early 90s, he had to build his home up from scratch.

His home is now a lifestyle block, worth around $500,000, for him, his wife and the children's families.

The latest REIQ figures also showed average vendor discounting in Rockhampton was down to 7.7%, compared to 9.8% in June 2013.

The overall average figure for the number of days on the market in Rockhampton had fallen from 98 to 84.

REIQ Rockhampton Zone chairman Noel Livingstone said the Rockhampton property market was finally starting to find its feet.

"The softening of prices has made properties more attractive to first home buyers who are very active at the moment," he said.

"While there is some investment activity, owner occupiers are the main buyers and we're starting to see more upgraders enter the market."

Fastest movers

Here is a list of the top 7 movers in Rockhampton by suburb:

Glenlee: 27 days

West Rockhampton: 61 days

Allenstown: 62 days

Frenchville: 62 days

Park Avenue: 68 days

Koongal: 71 days

Norman Gardens: 74 days.

Topics:  frenchville, home buyers, reiq, safety




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