Property

Real estate market stabilises in Gladstone

BUYERS take note - Gladstone's residential property market is flowering ahead of the Spring selling season, while sellers need to get their prices right.

The release of the Real Estate Institute of Queensland's REIQ June Quarter 2014 Housing Market Review shows optimism that real estate in Gladstone is on track to bounce back amid growing confidence.

Gladstone mortgage broker Jamie Oliver said he had seen an obvious increase in market confidence.

"With prices coming down, we've seen a steady increase in people inquiring at getting loans, because with the better prices people can now afford houses," he said.

"Market confidence has definitely increased and I think that's come from prices coming down and becoming more affordable.

"The general confidence in people's incomes has steadied again and they believe there's more work for them here in Gladstone."

He said it was definitely a buyer's market, and would tell owners if they want to sell that "they've got to get their prices right because people are waiting to buy".

According to the review, the Gladstone median house value was down 1.5% in the June quarter to $410,807, and down 4.7% over the past 12 months.

Average vendor discounting in Gladstone in the June quarter was relatively unchanged at 9.8%, with average days on market steady at 117.

REIQ Gladstone Zone Chair Mark Spearing said the Gladstone market had stabilised during the last quarter, however sales volumes remained low and investor interest was down.

"The major industries are still affecting the market, however with the perceived value in such an economically sensitive port city astute buyers, many locals are once again starting to look for opportunities," he said.

"Vacancy rates remain higher than the average in recent times but quality homes are still sought after.

"Homebuyer interest is increasing given the softening in the market over the last 12 months and the increased affordability on offer."

Topics:  gladstone property market real estate



Brisbane's arts and culture events centre stage

A CITY drenched in culture, Brisbane is again flaunting an arts and culture events calendar fit for a queen.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Date nights under $50

Nothing is more romantic than a picnic with a cracking view.

NOT every date has to cost you a bomb.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Insider’s guide to the best rooftop bars

Eleven Rooftop Bar is one to put on your hit list.

SEE the world from a different perspective...

Where to get your hands on the best wings

Try out these bad boys at Buffalo Bar.

IS THERE anything better than a wicked bowl of chicken wings? Nope.

Police reveal identity of violent Rocky prisoners on the run

IDENTITIES of two violent prisoners that have escaped revealed.

Your guide to Raglan fly in and heritage show

EXCITING: Craig O'Grady heading off for a 10-minute flight with pilot Colin Burrows in one of Matt Hall's planes at last year's events.

The event is held at the Old Station Cattle Club in Raglan

Local Partners

Better phone service for Gladstone's regional towns

Telstra: "This technology is delivering big benefits to these rural and regional communities”


Win a $1000

GROCERY GIFT CARD!
Learn More

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

What public holidays are left in 2017

Ipswich residents will get the day off tomorrow for the show.

IPSWICH residents will get tomorrow off for the show

Caitlyn comes home to launch debut album

Gympie's Caitlyn Shadbolt will launch here debut album Songs On My Sleeve at an exclusive all-ages concert in Gympie on Friday, May 26.

Win tickets to Caitlyn's album launch

Book review: Mia Freedman's book meets her critics head on

IF AUSTRALIA does have a tall poppy syndrome, Mia Freedman has most certainly been a victim.

Model Bella Hadid's see-through dress shocks in Cannes

US model Bella Hadid attends the Cinema Against AIDS amfAR gala 2017 held at the Hotel du Cap, Eden Roc in Cap d'Antibes, France, 25 May 2017.

It’s like she’s become addicted to shock value.

No room for morbid fans

Chris Cornell.

Fans want to stay in the hotel room where Chris Cornell died

Star Wars' 1977 Stormtrooper head banger confesses

A Stormtrooper is responsible for the biggest blunder in a Star Wars movie. Picture: Supplied

Man in most famous blooper in Star Wars history breaks silence

Lyn's knock-out show gets her to next round on The Voice

ONWARDS AND UPWARDS: Lyn Bowtell is through to the battle rounds on The Voice.

'It was bitter sweet to win like that'

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Lost dough leaves sour taste after company collapse

Kathleen and John Mahoney from Sugar and Spice Bakery were stung after the collapse of Cantro Pty Ltd and are still owed money.

Supermarket operator collapse leaves sour taste for bakery

Open for inspection homes May 25-31

Check out this weekend's homes open for inspection

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

Ready to SELL your property?

Post Your Ad Here!