Exercise Caution Gladstone Investors...
I just got back from a tour of Central Queensland... as a disclaimer - I acquire investment property for sale all over the CQ region - Gladstone has had the biggest rise in property values I have seen for nearly 20years. The market appears to be over-saturated, the rents seem to be over-inflated and there is quite a lot of new stock about to hit the market. Well done to you if you had property there 1 year ago - you are laughing now.
The flip side to the above - is the amount of infrastructure still to be placed - anyhow... I liked Rockhampton and in particular Gracemere much better. The prices were $120k and more lower than Gladdy, but with a more balanced set of industries behind the employment and focus there (e.g. beef, university, Qld Govt)) - and so as to avoid a sales pitch for the area and stock - PM me if you want further details on what I picked up for my investors there.
For your info - though. Median house prices for September are below - and I suspect Gladstones is about $20k higher than that right now (remembering RPDATA is 3 - 5 months behind).
Rocky $312,500;
Mackay $408,000;
Gladstone $429,000;
Moranbah $602,500;
Emerald $450,000.