Gladstone – strongest queensland property market
Investor darling mining town Gladstone strongest Queensland regional housing market, while Bundaberg struggles like the Gold Coast
By Cassidy Knowlton
Monday, 09 July 2012
Regional areas have outperformed capital cities in the year to March, according to ANZ, with Gladstone leading the way in Queensland.
“Despite being lower in annual growth terms, regional house prices have been more stable than capital city house prices, which have seen larger price falls across all major states and territories,” notes the Australian Housing Chartbook.
“Across states/territories and regions, house price growth has continued to differ, reflecting varying economic performance across Australian industries.”
“Queensland has shown the greatest intra-state variation in regional house prices, reflecting the divergenteconomic performance of regions exposed to the tourism sector (i.e. Cairns, Gold Coast) and mining-relatedservices (Gladstone, Mount Isa),” the report says.
Source RP Data, Rismark, ANZ