LOCALS CONFIDENT THE YEPPOON PROPERTY MARKET IS RISING
It appears buyer confidence is rising at the beach. The Herron Todd White Residential National Property Clock for September 2017 Houses, suggested that the Rockhampton region is sitting at 4/5 o’clock which indicates approaching the bottom of the market, over the last 12 months the Rockhampton region has been moving around between 3 o’clock (declining market) and 6 o’clock (bottom of market) according to the monthly reports. While the Herron Todd White property clock is considered a reliable snapshot of the market, the team, @ Real Estate Yeppoon, were curious about what locals think of the Yeppoon property market compared with professional valuers looking at the greater Rockhampton region as a whole.
@ Real Estate Yeppoon Facebook followers were asked to comment on where they think Yeppoon is sitting on the property clock. All comments were between 5 and 9 o’clock. However, in a surprising comparison between the Herron Todd White property clock and the local perception, 30% of the comments suggested the local market is a 9 o’clock being a rising market. This suggesting confidence is rising in the Yeppoon. 25% commented 8 o’clock which would indicate the start of recovery and another 25% commented 6 o’clock which would be the bottom of the market, with 5 and 7 o’clock receiving 10% of the comments each.
This means that 90% of Yeppoon locals (who commented), believe the Yeppoon market has hit the bottom and on the road to recovery. This data suggests now is a great time to buy, before prices increase.