Family-friendly Park Avenue in demand for home buyers
PARK AVENUE'S median house prices have seen a major surge according to the Real Estate Institute of Queensland.
Ray White Rockhampton City real estate agent Ashley MacMaster has a very simple explanation for the suburb's 14.6% jump reported in REIQ's September quarterly sales figures released yesterday.
"Park Avenue is one of the most convenient places on the northside," Mr MacMaster said. "It's a family-friendly kind of suburb. It's probably a more sought-after area for the family."
The suburb's median house prices have jumped from $261,000 to $299,000.
Over the past week Mr MacMaster has already taken eight groups of potential buyers through a $359,000 three-bedroom house at 52 Twigg St in Park Avenue.
REIQ Rockhampton zone chair Noel Livingston said real estate prices throughout the region had fared well.
Although, he said the 14.6% spike in Park Avenue could have been affected by a particularly expensive property sold.
Seventeen Park Avenue houses were sold during the quarter.
But Frenchville proved the most popular suburb, with 41 houses sold.
Despite having the most expensive median sales price, Norman Gardens was the second most popular suburb.
The Yeppoon market felt a major slump, with a 15% drop in median sales prices.