Gladstone house and land prices rising, but sales volumes below pre-GFC peak: PRDnationwide
House and land prices in the Queensland mining town of Gladstone have risen steadily in the past decade, according to a report by PRDnationwide.
However, the volume of sales in the oft-touted investment hotspot fell significantly between March 2007 and March 2008 and have yet to return to their pre-GFC peak. These trends were apparent in both the region and city of Gladstone.
“The lack of affordable house and land is driving sales volumes back down, exacerbated by unprecedented rental growth which continues to inflate values accordingly,” says PRDnationwide Queensland analyst Robert Matta.
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The previous chart refers to the entire Gladstone area, whereas the following chart relates Gladstone City specifically.
