Rocky vacancy rates drop from 7%
ROCKHAMPTON'S property market has tightened in the last quarter according to Herron Todd White's month in review report for December.
The report indicated Rockhampton's vacancy rates had dropped down to 4.6% this past quarter, a positive move from the 7% vacancy rate recorded for December last year.
Herron Todd White have called this a "positive influence to the end of the year".
The report has also revealed the lower end of the local investor market sector has seen a 'withdrawal of investors' which has resulted in the sub $300,000 market weaken significant throughout the year.
But according to Herron Todd White this year hasn't been all doom and gloom with some activity in the upper and prestige market sector, in excess of $700,000.
Rocky's highest sale of the year occurred at $1.225 million. Positioned in the well regarded locality of The Range.