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Rocklea

Real estate profile

Location

9 km south of the Brisbane CBD.

Features

Rocklea markets, rail station

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $243,750.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $280. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $190.

Profile

Most of the suburb of Rocklea is comprised of the famous Brisbane Markets – the fruit and vegetable wholesale outlet for the whole of Brisbane.

Across the road from this site is the Department of Primary Industries’ Animal Research Farm. Further along are extensive warehouse facilities and light industrial areas.

The residential aspect of the suburb is confined to small pockets and consists of older-style houses from the 1950s and 1960s.

Residents can take advantage of the proximity to neighbouring suburbs of Sherwood, Moorooka and Salisbury for retail facilities.

The suburb has not seen a great deal of residential development largely because of the demarcation of commercial and industrial sites – the historical median house price reflects this lack of housing development but the suburb has seen recent strong growth as a result of investor interest in lower priced property.

According to the 2006 Census there were 1,500 people living in the suburb with a median age of 37. The median individual income was $490 per week. Of all occupied private dwellings 53.5% were either fully owned or being purchased; 32.2% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.

More Rocklea information

History

Learn about the Aboriginal history, urban development, notable residents and landmarks of the area.

Pocket Neighbourhood Guide

Your neighbourhood at a glance. Discover the secrets of the local area... as well as what makes it special.