Average price trends
427,000
Feb
487,000
Mar
525,000
Apr
What are the property taxes in Rockhampton and are there any other ongoing costs I should consider?
In Rockhampton, property taxes, known as council rates, vary depending on property value. Expect around $ 2,500 AUD to $ 3,500 AUD annually for an average home. Additional ongoing costs include water, around $300-$ 500 AUD annually, and house insurance, varying widely based on coverage. For specific rates, visit rockhamptonregion.qld.gov.au. Always consider maintenance and utility bills for comprehensive budgeting.
What types of upfront costs and fees will I have to pay when purchasing a property in Rockhampton?
When purchasing a property in Rockhampton, upfront costs typically include stamp duty, legal/conveyancing fees, building and pest inspection fees, and loan application fees. Stamp duty varies based on the property's value; for example, a $ 500,000 AUD home attracts approximately $ 8,750 AUD in stamp duty. Additionally, there may be costs for property valuation and mortgage insurance if applicable.
How does the Rockhampton property market compare to ther regions in the Australia?
The Rockhampton property market, with a median house price of $ 330,000 AUD, is notably more affordable than larger Australian cities such as Sydney and Melbourne, where median prices as of recent data were approximately $1,410,128 AUD and $ 859,097 AUD respectively. This makes Rockhampton an attractive option for buyers seeking more affordable housing solutions.
How competitive is the Rockhampton property market?
The property market in Rockhampton, Queensland is moderately competitive. For example, as of May 2023, the median house price in Rockhampton is approximately $ 369,000 AUD, reflecting a steady increase. This growth is attracting both investors and homebuyers, indicating a healthy demand. Properties in popular areas such as Frenchville and Allenstown tend to sell quickly, often within 2 to 3 weeks of listing, showcasing the market's relative competitiveness.
