Summary

Ad # : 7  Market Status : Unsold/Available  Price : $350,000  Category : New Property  Locality : Gracemere

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The upswing in property prices across regional Queensland has been quite phenomenal in the last couple of years. Not only have the coastal hotspots in the south east and Brisbane experienced tremendous gains, but northern areas have taken off as well. Many of our investors have made considerable gains following our recommendations in the north Queensland cities of Cairns and Townsville in recent years, and the fever is spreading. And the mining boom has taken property prices in otherwise remote inland towns into the stratosphere, with some growth rates eclipsing even the more popular coastal locations.

So, where next? As we look for affordable housing options with strong rent returns, we have been running out of places. Until very recently, within the last year, you could find new land for sale for not much more than $100,000 in many areas on which to package up some suitable affordable good quality investment houses with selected builders for around the low to mid $300,000’s. However as time goes by, it gets harder. Most areas on Queensland’s coastal cities now command well over $400,000 for a basic 4 bedroom house, both in the north, and in the south.

So now our search for affordable property (with good rent returns, high cash flows and of course plenty of potential for capital gain) has landed us right in the middle of the state in Central Queensland, and this time, boy have we got a beauty of an investment to recommend to you.

 

To sum this one up, it's very keenly priced already, with a big jump in prices and rents expected soon, and, what’s more, it’s a buy now, pay later deal, where you lock in the price now, but pay for it after the values are probably already higher than they are now. All the house and land packages that we have recommended in the last few years have achieved this, a considerable escalation in values over the construction timeframe, but on this one the payment terms are deferred considerably further, increasing the scope for this bonus gain.

We are now recommending that all our regular investors as well as first timers seriously consider the benefits of investing in one of these new houses in the Central Queensland city of Rockhampton’s, soon to be suburb, of Gracemere. Here’s why:

Rockhampton sits on the Tropic of Capricorn, and Queensland’s largest river, the Fitzroy, 640 km north of Brisbane. Queensland, being Australia’s most decentralised state, has many large cities outside Brisbane, and property price growth has hit full stride in many of them in recent years. Cairns, Townsville, Mackay, Gladstone and many others have been experiencing double digit capital growth for several years, making a good value investment property hard to find. Rockhampton has been a comparative late starter, and there are plenty of factors indicating much growth in its prosperity and property values lie ahead.

Rockhampton has for a long time been known as the Beef Capital of Australia (with Gracemere being home to the largest saleyards in the southern hemisphere), but its economy is strong and diverse. Mining activities in the surrounding areas produce coal (in the vast deposits of the Bowen Basin) as well as Magnesite, limestone, salt and other minerals. Agriculture, tourism, fishing, transport, port services and retail all feature heavily in the regions gross regional product. For instance, surprisingly perhaps the area attracts 100,000 international tourists and a million domestic tourists every year. The region also boasts its own University with over 18,000 students, some of the largest power stations in the country, a strong and diverse minerals processing industry and significant cotton production. Queensland Rail, one of Queensland’s biggest employers uses Rockhampton’s central location to base many of its control, service and maintenance facilities with associated employment and sub-contracting benefits and multipliers.

 

Final handover expected to be around Mar/APR 2009

 

NB - Valuations & Depreciation Report are available if required….

 

***   Early investors – will be happy investors, we expect capital growth even before the house is completed   **