Too many buyers too few houses

AS house prices bounce back and the Rockhampton real estate market hardens, agent Chantel Schipper says they’ve had their best two months of sales this year.

The Rockhampton Think Real Estate agent said the property market was showing big signs of recovery from harsh times selling close to 30 properties in the months of September and October.

“The struggle we’re having now is buyers are everywhere, but we don’t have enough properties available,” Chantel said.

And the high end market is back to selling hot.

“Looking at our sale results for October, there are sales from $300,000 right through to above the $700,000 mark,” the 25-year-old said.

A Morning Bulletin snapshot (RP Data statistics) of three suburbs yesterday showed the median house price in September had jumped about 10% from the August figures.

In Kawana the median price for September was $316,000 (up from $296,000), in Wandal it was $310,000 (up from $280,000) and in West Rockhampton it rose to $274,250 (from $250,000).

While this five bedroom, high set brick family home on Broughton Street in Kawana (pictured) recently sold for $420,000, a three bedroom high set house on Harrow Street in West Rockhampton went for $277,000.

Chantel said there was a common trend towards big family houses selling in the past couple of months.

“Families are looking for big open plan homes with lots of space,” she said.

Chantel said a few months ago high end properties weren’t as big in the selling arena, but they had well and truly made a strong comeback.

PROPERTY SNAPSHOT

September median house price snapshot of Kawana, Wandal and West Rockhampton:

• Kawana: $316,000 (up from $296,000 in August)

  • Wandal: $310,000 (up from $280,000 in August)
  • West Rockhampton: $274,250 (up from $250,000 in August)

RP Data statistics



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