Cloncurry housing growth tip

AFTER a turbulent year in the Mount Isa housing market, industry experts have tipped real estate in Cloncurry to have some of the best growth projections in Queensland.
Nanjing Night Net

The latest House Price Indexes from the Australian Bureau of Statistics reveal low annual growth in all capital cities, with Sydney the only city to display double digit growth at 13.8 per cent.

Hotspotting南京夜网 property analyst Terry Ryder said regional towns including Cloncurry represented greater growth, exceeding 20 per cent during the past 12 months.

Mr Ryder said positive news from the resources sector in Cloncurry, Toowoomba, Townsville, and Rockhampton were strengthening the market.

He said median prices soared by 35.1 per cent in the past three years but investors could still enjoy $450 per week in rent from a $311,500 property purchase.

Jem Realty Cloncurry Principal Jean Rutherfurd said there was definitely interest in the area, but said the market has slowed in the past six months.

Mrs Rutherfurd said a recent decrease in mining activities had stilled the market, but said there were still a lot of people waiting to invest.

“Things are on hold at the moment because of CopperChem and things at Ernest Henry are slowing down,” she said.

Mrs Rutherfurd said she had received more than 10 emails in the past week from potential property buyers.

“There is still interest in the properties here, but buyers are just waiting until mining settles down to see how it is going,” she said.

This story Administrator ready to work first appeared on Nanjing Night Net.

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