News

REVEALED: Rocky bank experiences 'profound' $10M month

This four-bedroom home on River Rose Drive, Norman Gardens has just sold for $482,500. The Rock's CEO Paul Herbert said the suburb was one of the favoured areas for people upgrading during a surge in home loans for the September quarter.
This four-bedroom home on River Rose Drive, Norman Gardens has just sold for $482,500. The Rock's CEO Paul Herbert said the suburb was one of the favoured areas for people upgrading during a surge in home loans for the September quarter.

THE Rock CEO Paul Herbert has described the shift in home-buyer confidence for the Rockhampton region in the past few months as "profound".

Mr Herbert said there had been a sharp lift of 65% in the value of home loan settlements for the Rockhampton region September quarter and a 33% jump in the number of people applying for home loans.

He said September had been a record month for The Rock with more than $10 million in home loans settled for that period.

While he couldn't divulge the exact amount due to commercial in-confidence, Mr Herbert said the result underlined a dramatic change for the local market.

"It's not been a flash in the pan," he said.

"We have seen consistency in the build-up and momentum.

"For me, the numbers that make me stand up and realise what's going on are the numbers from the June to September quarter.

"To see that 65% increase in home lending is profound.

"It's a genuine change in the momentum of this economy as people are investing locally."

Mr Herbert said consistency around property values (median price $283,000 Qld Treasury report), an improvement in the unemployment rate from a high of 10.1% in the September quarter to 8.1% in the March quarter) and low interest rates were all contributing factors.

 

Me Herbert said there was no hot spot area for Rockhampton homebuyers but there were suburbs of higher activity.

"There is certainly a strong desire for up-graders looking around Allenstown and The Range and the more modern places around Norman Gardens - so an interesting mix," he said.

Snapshot of recent sales

Four-bedroom Queenslander in Thurston St, Allenstown sold for $335,000

Three-bedroom Queensander in Brae-Ross St, Allenstown sold for $261,000

Modern four-bedroom home in River Rose Drive, Norman Gardens fetched $482,500

Topics:  property real esate the rock



How to survive a bushfire in your car

IT SOUNDS like a nightmare, but it can happen.

Eight reasons to join the RFS

SPREAD across 93% of Queensland, the Rural Fire Service has about 36,000 volunteers. And you could be one of them.

What if my insurer gives me grief?

CLAIMING your insurance cover after a natural disaster can go one of two ways. It can be a breeze, or like pulling teeth.

Elderly man's stand off with cops over unpaid $200

Police from Coffs Clarence LAC search the vehicle driven by a Hong Kong national for drugs and cash.

HE SMASHED a woman's phone over at $200 debt.

EXCLUSIVE: $300m Rookwood Weir project edges closer

Maddy Storey from Glenmore High School, where the students are protecting the Fitzroy River turtle in an envirofund project.

MULTI-MILLION dollar dam project takes huge leap forward.

'Underpaid' Rockhampton workers miss out on millions

Photo Tom Huntley / The Observer

Thousands of Rockhampton workers will need to chat with their boss

Local Partners

The first Baywatch trailer is here, and it's hilarious

From left, Jon Bass, Alex Daddario, Zac Efron, Dwayne Johnson, Kelly Rohrbach, and Ilfenesh Hadera in a scene from the movie Baywatch.

DWAYNE Johnson and Zac Efron star in TV series reboot.

Sir Mick Jagger a dad again at 73

Mick Jagger... dad again at 73

Ageing rocker obviously still getting Satisfaction

Doco tells the story of Aussie surfboard pioneers

Gordon Woods (far right) in a 1966 ad for his surf shop. He is the subject of a documentary about the Brookvale Mafia airing on Foxtel.

THE Brookvale six were united in the love of their craft.

Kernaghan's a 'boy from the bush' with a timeless quality

Country music singer Lee Kernaghan.

Lee Kernaghan is celebrating the 25th year of his breakthrough song.

Irina Shayk and Bradley Cooper happy as baby looms

Irina Shayk and Bradley Cooper are in an "extremely happy place"

Brad Pitt bids to keep custody battle private

Brad Pitt will go to court to keep his custody battle private

Ipswich City Properties asset portfolio retains its value

Ipswich City Council Administration Building, South Street, Ipswich. Photo: Claudia Baxter / The Queensland Times

New website launched by Ipswich City Council

Rocky's 10 cheapest houses on the market right now

10 cheap houses for sale right now

EXPLAINED: What will become of Stanage Bay after expansion?

CONCERNS AIRED: Tina Mitchell, Amanda Roberson and Maree Haynes from Stanage Bay to meet with Defence Department representatives.

Residents concerns about impact of Shoalwater expansion on town

Shoalwater expansion land buy up raises concerns

Rees R and Sydney Jones have just under 20 clients living in the expansion area which stretches as far north as Styx River.

Rees R & Sydney Jones have just under 20 clients in expansion zone

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

Ready to SELL your property?

Post Your Ad Here!