Agents optimistic sales will flow well in new financial year
YEPPOON Real Estate principal Esme Coren says the mid to higher end of the local real estate market is starting to firm again after a slower 12 months.
"We have sold a number of properties in the last two months in the higher price categories of $550,000 to $900,000," she said against the backdrop of a five-bedroom home which has just been snapped up by a local couple looking to upsize.
"This is very encouraging for this price bracket which, in the past year, has been a slower market.
"We have seen approximately one less sale a month from this financial year to the previous financial year and the average sale price slightly decreased."
Mrs Coren and her daughter Claudia, who is also a real estate agent, said they were optimistic that sales would flow well in the new financial year with more development flagged for the region.
The Herron Todd White July 2014 Month in Review and National Property Market Report has identified the Capricorn Coast region as a market "worth considering" for those looking to invest $500,000.
"Prestige residential property in this locality fell significantly during 2012/2013 and has since levelled out, however homes in the half a million dollar range have remained steady," it said.
"For $500,000, a buyer can still buy a more modern home generally being on-ground with three to four bedrooms.
"For the investor, rents received on three and four-bedroom homes are similar to that in Rockhampton."
The report said the rural residential market had been fairly active in the past six to 12 months.
Most of the properties had been bought by owner-occupiers.