Capital growth and demand for housing strong in Rochedale

Demand for housing in Rochedale continues to show strength, according to Riskwise CEO Doron Peleg.

Maria and Omar Nasr, and their three daughters Serena, 9, Naya, 3, and Tehya, 1.

Demand for housing in Rochedale continues to show strength, according to Riskwise CEO Doron Peleg.

Mr Peleg said, while units in the area were affordable and delivered strong capital growth in the last year, housing was perhaps the better option for investment.

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“The capital growth for houses in the past five years was significantly stronger,” he said.

“Overall, the demand for houses is stronger, particularly among owner-occupiers.”

Rochedale's median prices and capital growth for units and houses.

Mr Peleg said those looking to invest in Rochedale should focus their effort on houses that are suitable for families and take a long-term investment approach.

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Those looking to buye in Rochedale, whether it be as an investment, or owner occupier can check out the suburbs newest community - Mirvac’s Hydeberry estate, which is about to see construction on the first houses start in the coming weeks.

Mirvac Queensland Residential general manager Warwick Bible said the new community was in high demand since it was launched to market in March.

“More than 92 per cent of stage one has already sold, and stage two is proving equally popular, with more than 44 per cent of homesites secured since being released in late June,” Mr Bible said.

Rochedale's newest community Hydeberry.

He said the first settlements were an important milestone for Hydeberry, which would continue taking shape over the coming months.

“We started receiving interest in the homesites even before we officially launched to the market and to now be at the stage where our first buyers can start building their homes is testament to the quality location and value on offer,” he said.

Maria and Omar Nasr, along with their three daughters Serena, 9, Naya, 3, and Tehya, 1, will be among the first new residents.

Mrs Nasr said they had rented in Rochedale for almost two years, and spent the past year searching for their forever home, when Mirvac launched the new community.

She said the location of Hydeberry caught their attention immediately.

Hydeberry has easy access to Gardner Rd.

“Hydeberry has easy access to Gardner Rd, making it straightforward to get in and out of the community, and we liked the fact most of the land was flat,” she said.

“Rochedale is a nice, upcoming and family-friendly neighbourhood that is so central to everything.”

Mrs Nasr said the family originally looked at buying a ‘ready-made’ home but couldn’t find anything that ticked all the boxes.

“When Hydeberry launched and the price was suitable, we decided to purchase land and design a home that ideally fit our family,” she said.

“We wanted our three girls to have their own rooms and to create a functional space for us as a family.

“We wanted a home we could make our own.

“We are finalising our plans with the architects now for a five bedroom home and are hoping to be able to move in by mid next year.”

MORE:

Dwelling approvals set to soar

Affordability key to region’s growth

The new community will include a total of 133 homesites when complete and has appealed to a range of buyers — from those making their first step on the property ladder to growing families upgrading to a second or third home.