Ray White Hollywood Blockbuster Premieres
Watch Now
News

Gladstone Market Recovery Underway

By Andrew Allen

It has become increasingly evident since June that the Gladstone property market recovery is in full swing. High numbers of sales continue to occur with buyer confidence at it’s highest level since 2013. We are yet to see wholesale price movement across the Gladstone region, however new data this quarter indicates a median price rise in a few suburbs – a very encouraging sign.

Rental rates continue to surge upward with the majority of lease renewals witnessing a 10% – 20% increase with modern 4 bedroom homes leading the market increases. This is encouraging tenants to buy – a trend we believe will rise over the next 12 months.
Nevertheless, household debt burdens remain concerning with mortgage stress still a real issue for owner occupiers and investors alike. The local economy has stabilised this year, primarily as a result of decreasing unemployment, lower rates of under-employment and small business confidence.
The big talking point locally at the time of this release is the announcement of a $1B coal gasification project proposed by Australia Future Energy. The project, which creates domestic gas and industrial ammonia from coal would require a workforce of 800 – 1000 people during construction, with 200 – 300 full time roles for 30 – 40 years.
History tells us that September, October and November are the best property trading months of the year. With less than 3 months to Christmas, we expect a wave of new home buyers and tenants seeking to be into a new home before the festive season.
Up to Date

Latest News

  • WHAT HAPPENS IS A MULTIPLE OFFERS SITUTATION? A BUYER’S GUIDE

    What is a multiple offer situation? A multiple offer situation occurs when two or more buyers submit offers on the same property. In this instance, the real estate agent is required to notify all parties of the multiple offer situation and provide each buyer with the opportunity to present their … Read more

    Read Full Post

  • Better together: A new era in Gladstone real estate

    Two of Gladstone’s most respected and high-performing real estate agencies, Ray White Gladstone and LOCATIONS estate agents, have officially merged, bringing together nearly 60 professionals in the biggest team the region has ever seen. Nina Clarke • Media and Communications This powerful union marks a new era for real estate … Read more

    Read Full Post