News

'Second largest fall': Gladstone property market takes hit

GLADSTONE property prices have fallen to "one of the most affordable" in the state, a new Real Estate Institute of Queensland report reveals.

A detailed report on the June quarter from REIQ's shows the Gladstone market fell 6.7 per cent this quarter, the second-largest quarterly fall in the state.

TODAY | Local woman recruited to 'deal with' Gladstone airport's $30m debt

Mackay had the largest fall at 6.9 per cent.

This means, with a median house price of $331,250, the Gladstone market is now one of the most affordable in Queensland, with Rockhampton, Bundaberg and Mackay at even lower median house prices.

GLADSTONE MARKET FALLS |

>>Gladstone's 10 cheapest properties on the market

>>Gladstone's 35 cheapest rental properties, all under $100

Brett Wortman

The report also shows the vacancy rate in Gladstone has dropped from 11.3% in the March quarter to 10.2%.

Gladstone still maintains the highest residential vacancy rate in the state.

The report shows that Gladstone is also one of the cheapest regional cities to rent, with 3 bedroom houses going at a median weekly rent price of $220 and 3 bedroom town houses $5 cheaper.

This is more than a $20 drop from the March quarter report.

More to come

Topics:  buyers, gladstone, market, property, reiq, rent, renting



Experts take hundreds of calls from 'sonic boom': Here's their thoughts

WHAT WAS THAT? Owen Bennedick, of Wappa Falls Observatory, was inundated with calls after Gladstone's light display.

See what the experts say about what caused a sonic boom in Gladstone

Flashing light, boom, tremor: What we know so far

In this 30 second exposure, a meteor streaks across the sky during the annual Perseid meteor shower as a photographer wipes moisture from the camera lenses Friday, August 12, 2016 in Spruce Knob, West Virginia.

What's been ruled out as the cause of flashing light, boom.

WATCH: Government footage of 'fireball' lighting up sky

EARTH TREMORS felt in the Gladstone with footage of bright light.

Local Partners

MOVIE REVIEW: Storks delivers family fun

A scene from the movie Storks.

ANIMATION can be hit or miss but when it hits, it hits hard.

Nick 'the snake' to call the shots on Survivor jury

Australian Survivor contestant Nick Iadanza.

LATEST evictee is out of the game but will still have a say.

Naomi Watts and Liev Schreiber split

Naomi Watts and Liev Schreiber

Naomi Watts and Liev Schreiber have split after 11 years together.

Why Chris Hemsworth was spotted wearing nail polish

RED CARPET: Do you think Chris Hemsworth is the typical unpolished but well-natured Aussie bloke?

He's now officially the best bloke in Australia

Testament's new album is a concept album

ROME, ITALY- JULY 27, 2016: Testament photographed at The Roman Collisseium in Rome, Italy on July 27,2016. Gene Ambo

Testament to release new album

'Baby' recreates famous Nirvana cover shot 25 years later

The baby from Nevermind album has recreated the iconic cover shot.

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

'Flex muscles': Gladstone suburb drops $120K

BUYERS are scooping unprecedented deals by “flexing their muscles at the table”

Few bright lights for property after mining downturn

The Gladstone Regional Council wants associated LNG companies like Bechtel to be apart of the EIS housing accommodation strategy from the outset of the projects and not mid-way through.

Tannum Sands continues to write its own property success story

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

Market opens as Gladstone sellers drop prices to force sale

VENDORS are dropping the price on houses to force a sale.