Leading the price rise pack
PROPERTY prices in Gladstone continue to soar with an industry report showing in some cases the value of Gladstone homes has jumped by 25 per cent in just 12 months.
It is one of only three regions listed on the REIQ December quarter median house price report that has seen a property price increase, and by significantly more then the rest.
While Rockhampton saw a median price increase of $1500 (0.5%) from the 12 months from December 2011 compared to the 12 months from December 2010, and Mackay properties increased by $2750 (0.7%), Gladstone median prices rose by $60,000 (15.6%).
REIQ Gladstone zone chair Mark Spearing said demand for property in the region continued to be very strong.
"Demand is coming from new residents or those who anticipate living in Gladstone when a number of key projects come online later this year," Mr Spearing said.
On the whole the Gladstone region has experienced growth except for Banana, but none more so then New Auckland which, according to the REIQ report, has jumped by $93,000 (25%).
First National Real Estate Gladstone principal Paul Markwell set up shop in New Auckland in 2010 and he said he was not surprised because it was a sought-after area.
He said it was convenient in the heart of Gladstone and close to shops and schools.
Scott Elwell said he had recently had his New Auckland home valued and found it had increased by $100,000 in just a year.
The heavy plant operator bought the house three years ago and said in that short time its price had just kept going up.
He said he was not surprised to hear New Auckland was doing so well.
"It's a good place to live," Mr Elwell said.
Hungry Cow Cafe owner Lesley Carter said she took over the New Auckland business with confidence because she knew Gladstone was in the midst of a boom.
"We came to Gladstone because we heard it was a happening place," Ms Carter said.
"The prices are crazy."
She said the influx of people wanting to buy homes in New Auckland was good for business.
"We're starting to get a lot of workers in."
However Hungry Cow Cafe worker Kim Gunson was not so happy about the skyrocketing house prices.
She said she had to move to Turkey Beach just to find a rental property that she could afford.
"I'd like to buy a house but not here, we would never be able to afford it," Ms Gunson said.
"When you are paying $600 rent how can you save?"
An REIQ report has revealed strong increases in the median house prices of Gladstone region properties in the 12 months from December 2011 compared to the 12 months from December 2010.
- Gladstone +$60,000
- Boyne Island +$45,000
- Calliope +$41,000
- Clinton +$62 00
- Glen Eden +$19,250
- Kin Kora +$64,000
- New Auckland +$93,000
- South Gladstone +$50,000
- Sun Valley +$53,000
- Tannum Sands +$30,500
- Telina +$15,500
- West Gladstone +$55,000
- Banana -$5000
- Biloela +$10,000
REIQ reported median house prices in the past 12 months from December 2011 compared to the 12 months from December 2010:
- Brisbane -$28,000
- Gold Coast -$24,000
- Sunshine Coast -$25,000
- Fraser Coast -$20,000
- Bundaberg -$10,000
- Gladstone +$60,000
- Rockhampton +$1500
- Mackay +$2750
- Cairns -$16,000