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  1. Of The Vultures

    Rockhampton, QLD Which Suburb

    In Berserker and Park Avenue. Rocky is affected by the downturn in mining and who knows how long that will last. My PM tells me of shops and businesses closing down, and now there's the prospect of even more supply coming online with the new land release. Doesn't sound to me like a recovery...
  2. Of The Vultures

    Rockhampton, QLD Which Suburb

    I guess with the current situation in Rocky, this is where mindset becomes important. Tempting to just give up and offload the properties since there is not even a glimmer of recovery. Both my properties have become vacant and it's taking a long time to find new tenants despite significant...
  3. Of The Vultures

    Rockhampton, QLD Which Suburb

    Yeah, there's a fair bit of inconsistencies month to month in those tables, but their analysis seems to be ok. I haven't been keeping a super close eye on Rocky but from what I can see prices have indeed dropped. Ahh nothing to do but hang in there.
  4. Of The Vultures

    Rockhampton, QLD Which Suburb

    Not looking so good in Rocky. No signs of recovery and if anything, it's getting worse. HTW had Rocky at "start of recovery" in last months' report, but back down to "bottom of market" this month. My property manager says there's been little change in vacancy rates from 12 months ago, still...
  5. Of The Vultures

    Rockhampton, QLD Which Suburb

    Some new info about state of the rental market in Rocky and other QLD regionals. Still weak but improving according to the article. My pm confirms this also...
  6. Of The Vultures

    Rockhampton, QLD Which Suburb

    I just had a chat with my property manager today and she echoed this. Vacancy rates are the highest she's seen in 7 years, so as a result rents have come down. It takes her up to 6 weeks to rent a place out now, whereas her usual average is 4 days. Gracemere is apparently facing a glut of...
  7. Of The Vultures

    Rockhampton, QLD Which Suburb

    Terry Ryder's take on Rockhampton...
  8. Of The Vultures

    Rockhampton, QLD Which Suburb

    I've got two in Rockhampton, one in Berserker and one in Park Avenue. Definitely check out the flood maps and buy well out of the flood zone - luckily as someone mentioned, most of Rocky is not in a flood zone but do your homework. The council has flood maps on its website...
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