Rockhampton - Central Queensland
Rockhampton is mounting a comeback after a couple of years in the doldrums – vacancies are falling and rents are rising. It has appeal as an important regional city with a diverse economy, affordable real estate and high rental returns.
This is being enhanced through the transformation of the CBD, development incentives and concessions, along with upgrades totalling $1 billion to major transport routes.
As the key service centre for the cattle industry of central Queensland, Rockhampton hosts regular Beef Australia expos and markets itself as “the Beef Capital of Australia”.
The $495 million Lower Fitzroy River infrastructure project is expected to get under way in 2019, giving agriculture a significant boost.
Rockhampton is also the gateway to Capricorn Coast tourist attractions and a centre for manufacturing, mining and the military.
The Queensland Infrastructure Plan published by the State Government nominates Rockhampton as the primary service centre for Central Queensland (with Gladstone as the industrial hub).
Overall, Rockhampton presents as an affordable market with good growth prospects.
This report covers the suburbs of Allenstown, Berserker, Frenchville, Norman Gardens, Parkhurst, Rockhampton City, The Range, Wandal and West Rockhampton.