Located in Queensland within the Rockhampton local government area, Rockhampton City is a compact suburb (postcode 4700). It is home to about 2,059 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $58K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, labourers, community & personal service. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
Rockhampton City has a median house price of $255,000, which has climbed sharply by 18.6% year-on-year. Units have a median price of $475,000 (-4% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 9.4%. The median monthly mortgage repayment is $1,083.
The crime rate in the Rockhampton LGA is higher than average at 11,636 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 9.4%, which reads as high yield. Property prices sit below the state median ($255K/$1.1M), which can point to relative value. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +18.6% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.