House Price Report reveals a 15.5 per cent Year-On-Year growth rate in the Gladstone
“House prices have seen steady growth with the median price climbing to $420,000, a seven per cent increase annually.”
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New real estate data has revealed the shock statistics which are driving prices in the Gladstone region through the roof.
A recent property report revealed the median house price in Gladstone fell from the period of June 2016 to June 2020, from $340,000 to $305,000.
However, as of June 2021, the median house price had risen from the low of $305,000 to $350,000.
The Year-On-Year growth percentage for median house prices in the Gladstone region stands at a solid 15.4 per cent.
Gladstone’s YOY growth percentage only falls behind Gympie, Burdekin, Douglas and the Fraser Coast.
The median house price in Gladstone has risen by three per cent over the past five years, with only Burdekin registering a lower percentage.
Domain’s chief of research and economics, Dr. Nicola Powell said regional Queensland, including Gladstone and Rockhampton, had seen a dip in unit prices.
“Regional Queensland has seen a dip in unit prices, now $30,000 less compared to this time last year,” Ms Powell said.
“House prices have seen steady growth with the median price climbing to $420,000, a seven per cent increase annually.”
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Originally published as House Price Report reveals a 15.5 per cent Year-On-Year growth rate in the Gladstone
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