Gracemere is a rather small, coastal town located in the province of Queensland approximately nine kilometres from the larger city of Rockhampton. This town's origins can stem from 1853 when local explorers were searching for suitable locations to graze their sheep. Due to the natural vegetation and the rolling hills, settlers initially established a small farmstead by a local lake. Over time, this area slowly began to grow. With the construction of other towns (such as Rockhampton) nearby, the population of Gracemere steadily increased to have reached just over five thousand inhabitants according to the 2011 national census.
As a testament to its origins, the economy of Gracemere is still centered heavily around the agricultural industry; particularly in reference to grazing beef cattle. In fact, the Gracemere Saleyards are the largest facilities for selling cattle in the entire southern hemisphere. There has recently been a renewed interest in the development of the retail side of this town; numerous shopping centres having opened up during the past decade. As Gracemere is considered to be a community that is slated for significant growth, it can be expected that the influx of a retail economy will continue into the foreseeable future.
Gracemere is known as what is called a dormitory town. In other words, residents will live here due to its proximity to Rockhampton and other centers. However, this community is expected to grow considerably in the near future. It is for this reason that there are currently over ten real estate developments under construction. As families continue to migrate aay from larger city centers, the population of Gracemere is likewise expected to increase dramatically.
It is for this reason that many realtors are quite interested in the further development of residential communities. This lucrative market ha already proven to be a wise investment choice in the area.