Address
75 Archer Street, Rockhampton City, QLD 4700
Investment Strategy
Positive Cashflow/High Yield
Development Timeline
Property Purchased
Advertised For Rent
About the Property
Located at 75 Archer Street, Rockhampton is this neat as a pin 3 bedroom home that has been refreshed with new window furnishings throughout, recently renovated kitchen with ample bench space and cupboards for storage, new painting and ceiling fans throughout.
The roomy Lounge and Dining area have polished hardwood floors and high ceilings. The bedrooms are a good size with the main and secondary bedroom being airconditioned. The kitchen has plenty of bench space and a huge walk-in pantry.
The 674m2 allotment is fully fenced. Concreted, and has lockable car accommodation under.
From the raywhite.com listing
Investment Stats
2023
2
9.8
About the Suburb
Rockhampton City, situated in the heart of Rockhampton, Queensland, offers a unique blend of historical charm and modern convenience. While some specific statistics were not provided, the suburb presents a diverse and dynamic living environment.
Residential Landscape: Rockhampton City accommodates a diverse residential landscape, catering to a mix of homeowners and renters. Although the exact owner-occupier percentage is unspecified, it is likely that the community comprises both homeowners and tenants. The IQR % Median of 39% suggests a range of property prices, making it accessible to various budgets. On average, properties in Rockhampton City spend approximately 50 days on the market (DOM), indicative of a reasonably active real estate market.
Education and Lifestyle: Rockhampton City offers residents access to various lifestyle amenities and educational opportunities. While the ICSEA School Score was not provided, the suburb is likely to provide quality education and a range of leisure activities for its residents.
Property Market: With a median property price of $237,000, Rockhampton City is an affordable option for prospective homeowners. The recent % growth rate of 2% indicates a modest increase in property values, suggesting stability or slight growth. Rental properties in the suburb present an attractive yield of 8.4%, making it appealing for investors seeking rental income. Specific details regarding the vacancy rate were not provided.
Market Activity: The Market Absorption rate of 29% highlights that properties in Rockhampton City are absorbed into the market at a healthy rate, reflecting its desirability among both homebuyers and investors.
Rockhampton City is a dynamic urban center that seamlessly blends its rich history with modern living. Although specific figures were not provided, its affordability, lifestyle offerings, and real estate market dynamics make it an enticing choice for individuals seeking a well-rounded living experience.
Suburb Median
Vacancy Rate
