Range classic sells for record $2.8m while another house attracts 28 bids

The surge in Rockhampton’s house prices continues with a tale of two homes – one selling for a record $2.8m and another for $100,000 over its asking price – underlining the ongoing market strength into 2025.

This house on Agnes Street, The Range sold for a Rockhampton record price of $2.8m in January 2025.

The surge in Rockhampton’s house prices continues with a tale of two homes – one selling for a record $2.8m and another for $100,000 over its asking price – underlining the ongoing market strength into 2025.

The record price was for the same Agnes Street house that had also held the previous record of $2.5m paid in 2023 while a Park Avenue home on the market for offers over $480,000 fetched $580,000 after attracting 28 bids.

One of the rooms inside the Agnes Street, The Range house which sold for a Rockhampton record price of $2.8m in January 2025.

The selling agent for both properties was Ray White’s Melinda Kirby who said demand was not slowing with investors and owner occupiers competing heavily for houses in the price range up to $600,000.

She said the high-range market was also strong with impressive interest in The Range home which sold inside two weeks in January with settlement in March.

The Agnes Street, The Range property which sold for a Rockhampton record price of $2.8m in early 2025.

She said there were five genuine parties interested in the home, being two Rockhampton residents and three Central Queensland rural families, with a Central Highlands grazing family making the successful offer.

“It’s a beautiful property, absolutely stunning,” she said.

“There’s nothing like it on the market.”

This house on Agnes Street, The Range sold for a Rockhampton record price of $2.8m in January 2025.

She said there was no slow down in demand for Rockhampton houses across the board with investors targeting high-rental returns with a vacancy rate still below 1 per cent.

Some people seem surprised she’s selling homes at Gracemere for $600,000 but she points out the good value.

“You can’t build them for that, in a house and land package” she said.

“And you're getting $600 a week rent for them, too.”

Ms Kirby said 25 per cent of her owner occupier sales were to families new to the region while investors were having a big influence on prices.

“One of my properties in Park Street I sold a couple of weeks ago had 28 offers on it,” she said.

“It went $100,000 over the asking price. Over 50 locals went through the walk in and there were 100 inquiries. A Victorian investor paid $580,000 for it.

“The three top offers were all Victorians.”

This Park Street house in North Rockhampton sold for $580,000 to Victorian investors.

She said she placed the house in the “right price range”, with offers over $480,000, and was hoping for $510,000 or $520,000 but the big bids kept coming and coming.

That example of a rising market is reflected in the PropTrack’s Home Price Index for the 12 months to April which reports an 18 per cent jump in median house prices to $527,000 for Central Queensland to be the second highest increase in the state behind Townsville which spiked 22 per cent to $534,000.

REA Group senior economist and report author Anne Flaherty said at least five Queensland regions have beaten Brisbane’s home price growth of 8.7 per cent significantly with Central Queensland and Townsville leading the way while Mackay-Isaac-Whitsunday was up 14.84 per cent to $547,000, Darling Downs-Maranoa 13.17 per cent to $483,000 and Ipswich 12.28 per cent to $738,000.

Brisbane still held on to its title of second most expensive capital city in Australia, with dwelling prices hitting a record $882,000 median.