Data shows it takes an average of 103 days to sell a house in Rocky
Data shows it takes an average of 103 days to sell a house in Rocky Max Fleet

Rockhampton houses taking longer to sell

THE time it takes to sell a Rockhampton house is getting longer as the number of properties on offer increases.

In the 12 months to August 31, it took an average 103 days for houses across the council area to change hands.

The figure was 15 days longer than for the previous 12 months when homes were on the market for about 88 days.

Real Estate Institute of Queensland data shows 2213 Rockhampton houses were listed for sale in the year to this August, an increase on the previous year when 1991 were on the market.

The average vendor discount on Rockhampton houses changed from 7.9% in 2014 to 9.1% in 2015.

The average percentage of profit-making resales changed fell over the 12 months from 85% in 2014 to 77% in 2015.

Profit-making resales are where a home is bought and then resold within 12 months for a profit.

Vendor discount refers to the difference between the price a property sells for and the price it was first advertised at when it was put on the market.

The figure is an average of all non-auction sales selling for less than their initial asking price.

 

BY THE NUMBERS

Rockhampton local government area August 2014-August 2015 house sales

Listings, average days on market, average vendor discount, % of profit making resales

2213, 103, 9.1%, 77%

Rockhampton local government area August 2013-August 2014 house sales

Listings, average days on market, average vendor discount, % of profit making resales

1991, 88, 7.9%, 85%

Source: REIQ.



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