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My comments about the growth in Rocky. I have said before that I do not place any faith in the stats. I guage prices by following local property guides. Some time around September last year I started getting the Rocky Saturday property guide. I have been following the asking price of real...

Thank you markpatric Finally someone that supports something I have said. Where do I send the $50.00 note???? Good point though. Astroboy - put your money where your mouth is. I now have 25 IP's (although this is not blocks of land. It is a mix of houses and unit blocks) and a PPR...

The block of 4 Penny mentioned is now under contract. Having said this I would imagine the sale price is less than $299,950. At 350 per week the gross return for a sale price of 290K is about 6.3%. A 6.3 % return would make a Sydney or Melbourne investor very excited, but this return is...

I say as I have done in the past for all the people who bag out Rocky. Show me where else you can get returns of 9% plus in a City this size. Of course Rocky has its faults. If Rocky was growing rapidly, was on the beach, or beside Sydney, or a suburb of booming Brisbane, then we...

9% + returns The debate continues I exchanged contracts yesterday on a new Rocky property. There are still great buys in Rocky but they are getting harder to get. I missed out on a block of 3 units last week, which was a blessing in disguise given my new purchase. The new place is a...

Hi All I also agree with SC. Capital gain at Yepoon with prices increasing and more and more units being built does not necessarily mean that the vacancy rate will be low. If anything, it will mean that you will have trouble finding a tenant due to the number of developers looking for those...

Well - this has turned into a heated thread since last I looked. Brains, although I have no doubt that you are playing the devil's advocate I just can't help making some somments. Residex - I do not find that Residex or any other stats mean a whole lot. I am sure that you (Brains) and many...

Hi Brains Purchase price $246,000 with gross income of $390 per week. It is a block of 3 x 2 bed 2 storey townhouses. So just over 8%. I could have ended up with better yeilds with other properties, but this one is brick and very attractive with low exterior maintenance, concrete...

Everyone has an opinion on this, but how many of you have actually spoken with your cash and bought a place in Rocky. I have in the last month. And, despite some of the negative comments I feel very comfortable with my decision. Where else can you get returns in a town of this size with...

I agree that Rocky will provide capital gains over the next few years. See my recent post Rockhampton, Mackay, Proserpine Cairns. I recently made a purchase in Rocky, 3 x 2 bed 2 storey brick townhouses for $246,000. Yeilds of btw 7% and 8%. My brother who lives in Rocky and has been...