REIQ reveals average price of Rockhampton unit rose by 41.7%

THE average price of a unit in Rockhampton rose by 41.7% in the last quarter, according to the latest Real Estate Institute of Queensland (REIQ) data report.

The report revealed the median sale price for the March quarter was $340,000, with 29 sales recorded.

However, this was down 4.6% compared to last year.

Mackay recorded a 2.5% decrease in unit prices over the last quarter, but an increase of 0.3% over the past year.

"The popularity of units and townhouses in our major tourist precincts has returned," REIQ chief executive Anton Kardash said.

"These areas have experienced the highs and lows of the Global Financial Crisis, and the strength of the Aussie dollar, more than most over the past four years so it is heartening to see them stepping back into the light.

"Many of these areas have also become more affordable, even those with unique seaside locations, so this is no doubt spurring buyers into action before the tide has turned to the positive completely."

UNIT SALES

In Rockhampton:

29 sales in March quarter

$340,000 median sale price

41.7% quarterly change

-4.6% yearly change



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