Rockhampton and District Property Market Gains Momentum After Succession of Set Backs

After a quiet period beginning in June 2010 which can be attributed to the threat of a 45% mining super tax, the consequent Prime Ministerial overthrow and the ensuing two month Federal election campaign, then the onset of the Christmas period which always sees the property market drop off around mid December as people begin to relax into the holiday season and concentrate on all things Christmas such as the purchase of gifts, preparation for holidays and just managing the extra financial burden that Christmas places on most of us. The market generally begins to fire-up again as we get back to the business of commerce and the majority of local solicitors re-open their offices by mid-January. This year however, following directly on the heels of Christmas was the January floods which devastated many parts of Queensland with huge losses of property and unfortunately human lives. As if that wasn't enough and as we were reeling from the floods disaster, we are then threatened to be hit by a super cyclone. Cyclone 'Yasi'  eventually hit North Queensland crossing the coast between Cardwell and Innisfail. After all this, the local market is now showing signs of resurgence with a noted number of buyers returning to the market to take early advantage of lower prices due to the drop off in demand. Early bird buyers are nailing some exciting buys at bargain prices knowing full well that the Central Queensland area which is a natural resource rich area has an assured future.

The rapidly growing township of Gracemere, virtually a suburb of Rockhampton being sited only a few kilometers to the West of Rockhampton on the other side of the Yeppen flood plain is experiencing intense interest from investors,first home buyers and relocates alike.This interest is due to the availability of good quality housing land, small acreages, cheaper prices and being positioned first stop from the mining towns to our West. The construction of a full scale 'Woolworths Shopping Centre' now under way is adding icing to the cake.