Property market on the rise – Central Queensland Today

293824_01

Rockhampton is a rising market according to Herron Todd White’s Month in Review report for March 2022.

The report says the rental vacancy trend in Rockhampton is tightening, with strong demand for new homes and a stable new home building trend.

The volume of home sales is “increasing sharply” and new properties are sometimes being sold at prices above their potential market value.

Emeraude is listed as a rising market where the rental vacancy trend is flat, with strong demand for new homes and a declining trend in new home construction.

The volume of home sales is stable and new properties are sometimes sold at prices above their potential retail value.

On the unit side, the report indicates that Rockhampton is a rising market where the rental vacancy trend is tightening, with fair new unit demand and stable new unit construction trend.

The volume of unit sales is increasing and new properties are sometimes being sold at prices above their potential retail value.

Emerald is in the “early recovery” where the rental vacancy trend is stable, with very weak demand for new units and a strong trend for new unit construction.

The volume of unit sales is stable and new properties are sometimes sold at prices above their potential retail value.

The month in review identifies the latest moves and trends in property markets across Australia.