See how your suburb performed as the region tops $500,000 mark

Gladstone is holding its position as one of the hottest property markets in the State with houses across the region selling within two weeks as demand drives prices up more than 20 per cent. SEE HOW YOUR SUBURB’S PRICES

This architect designed house at Agnes Water sold for $2,150,000 in March.

Gladstone is holding its position as one of the hottest property markets in the State with houses selling within two weeks and prices soaring more than 20 per cent in one year.

The Real Estate Institute of Queensland March report for the 12 month period recorded a 23.8 per cent increase in median house prices to reach $520,000 from 2160 sales

That was one of the best results in the state only behind Townsville (up 26.45 per cent), Rockhampton up 25 per cent and Mackay up 22.17 per cent.

Gladstone’s rental vacancy rate remains tight in the March quarter at 1.5 per cent which is a slight easing from the December quarter of 1.4 per cent.

The region was the second fastest moving market with houses only listed for 12 days which was a pace matched by Mackay and only behind Rockhampton (11 days).

Noosa remained the slowest-moving house market at 47 days, although that was still a slight improvement on its previous quarter.

South Gladstone was the top performing suburb for the region, jumping 44.6 per cent in the 12 month period to reach $470,000 from 44 sales.

Other standouts were Telina (up 37.1 per cent to $535,000), Glen Eden (25.9 per cent to $530,000), West Gladstone (24.5 per cent) $436,000, Sun Valley (24 per cent to $450,000) and Toolooa (23.45 per cent to $397,500).

This Tannum Sands home at Ocean St sold for $1,650,000 in March.

New Auckland recorded the most sales with 243 houses changing hands for a median price of $532,000, up 25.2 per cent.

Tannum Sands increased its median house price to $601,250 from 154 sales for an increase of 19 per cent while Agnes Water edged up 1 per cent to $750,000 from 83 sales.

Originally published as See how your suburb performed as the region tops $500,000 mark