We just love calling Depot Hill home

DEPOT Hill homeowners Ronnie and Marine Barnham believe the city's best-kept property secret is now out of the bag.

The Barnhams have lived in Depot Hill for the past 31 years and don't want to live anywhere else.

Now it seems investors and first home buyers have also discovered the delights of the suburb.

Depot Hill has been identified as Rockhampton's surprise new property hot spot, according to figures released by the Real Estate Institute of Queensland (REIQ) last week.

The figures show that home prices skyrocketed in Depot Hill from April to June, with the average price rising by 16.8%.

While the price rise might be the highest in the city, it's still one of the most affordable suburbs.

To the Barnhams, however, Depot Hill is the only place they would want to live.

Mr Barnham said it was in a handy location and their neighbours were great.

"We have a great Neighbourhood Watch here. We've never had any trouble. Everyone looks out for each other.''

The Barnhams paid $33,500 for their Campbell Street home 20 years ago and, based on the sale of other properties in their street, they believe it could now fetch more than $100,000.

"They say I could get $100,000 for this now, but I don't want $100,000, I just want to live here,'' he said.

REIQ Rockhampton zone chair Don Skinner said prices had risen because Depot Hill had been previously undervalued.

Mr Skinner said Berserker had also performed well, with an average price rise of 6.5% in recent months.



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