83% selling their Rockhampton home at a profit

NEARLY one in five Rockhampton region home owners sold their property in the February 2015 quarter at a loss, new figures show.

Data released by the Real Estate Institute of Queensland on the weekend, shows 83% of properties sold in the quarter made a profit.

The other 17% were sold at a price below the previous purchase price.

The median value of home sales in Rockhampton dropped 1.4%, from February 2014, to $305,657.

The homes sold for a profit number, marginally down from 85% of the previous two quarters, was significantly stronger than those reported in Mackay and Gladstone.

Both Central Queensland cities had dropped to about 70% and were well down on the 90%-plus profits of two years ago.

In Rockhampton the average home was spending 97 days on the market, slightly longer than previous quarters, but again much better than Mackay's 103 days and Gladstone's 113 days.

Don't miss this week's Morning Bulletin for more regional real estate news.