Get a property report and suburb profile for any property in Gracemere

Gracemere is a semi-rural town west of Rockhampton that blends country living with ready access to regional services. It sits among grazing country and farmland and its streets mix older timber cottages, generous family blocks, newer brick homes and acreage properties. The community numbers about 12,023 people with a median age of 32, and couple families form a large share of households. Homes are more often owner-occupied than rented, with roughly 60% owned and 40% rented.

A compact town centre provides everyday shops, schools and sporting facilities, and there are rail and road links for commuting to Rockhampton or to coastal centres. Major public works affecting Gracemere include a planned state high school, ongoing water supply work and road upgrades that improve regional links. That combination suits people who work in agriculture or in the nearby city and families; whether it’s the right place for you depends on the sort of country-town lifestyle and connections you want.

Buying in Gracemere sits above what local households were earning at the last Census. A median house price of $700,000 is about 7.9 times a typical local household's annual income at the last Census, which puts buying well above local incomes on these figures.

Rents are lower in comparison: a house renting for $550 a week would take about 32.1% of a typical local household's weekly income at the last Census, a sizeable share, while a unit at $473 a week would take about 27.6%, a moderate share. If you're weighing up the suburb, those rent shares matter most for renters and the price multiple matters most for buyers.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

A standout in Gracemere over the past year is the 21.6% rise in median house values, a strong increase in what houses are worth. For someone focused on capital growth, that has been the dominant movement in these figures.

Rents moved more modestly: house rents rose 5.8% and unit rents rose 6.3%, both solid gains, with unit rents edging ahead of house rents this year. In other words, house capital growth outpaced rental income growth over the 12 months; whether that balance fits your investment goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.