The Gladstone property market has been on the rise for a while now, with values and demand increasing. With prices still relatively affordable, investors and first-home buyers are finding confidence and opportunities in the area.
With a strong economy and growing population, it’s worth considering Gladstone when looking at options in the state of Queensland.
We’ve seen that most properties in Gladstone are owner occupied and many sales are between family and friends, it’s a community feel in the area.
Affordability and local infrastructure developments have given both investors and potential residents a boost increase in confidence. And with a growth rate of 0.81% since 2011, driven by stable employment, experts say there’s still room for growth and development in the area.
In a nutshell, Gladstone is becoming more popular for investors and homebuyers with confidence and opportunities galore.
Affordability, population growth and economic stability makes it worth considering if you’re looking to invest or find a new home.
Market Snapshot
Current Trends
Gladstone is a mixed bag, each suburb has its own story. Let’s get into the suburbs and see what’s happening.
Gladstone Central
Gladstone Central has some interesting stats. 30 houses on market at a median price of $330,000. Affordable. But annual growth has dipped -2.37% which might be a concern for some.
On the plus side, rental yields are 6.97% with a median weekly rent of $430. Houses here take 66 days to sell, moderate pace.
South Gladstone
Things are looking a bit more lively in South Gladstone. 139 houses on market at a median price of $340,000.
Annual growth is 3.03% and houses here sell much faster, 27 days on market on average. Rental yields are slightly lower than Gladstone Central at 6.72% but the rental market is strong with a median weekly rent of $420.
It’s a busy area with good schools and parks, popular with families and young professionals.
West Gladstone
West Gladstone has 185 houses on the market and a median price of $356,700. It’s one of the more expensive areas but for good reason.
Annual growth is 10.43% and houses sell fast, 26 days on market. Rental yields are also strong at 6.65% with weekly rents around $420.
This suburb has big homes and a family friendly environment, so it’s a hot spot for buyers looking for more space and comfort.
Gladstone Harbour
Last of all we have Gladstone Harbour. This is a unique area with only a few houses on market and limited data. It’s a niche market for those looking for something different.
The population here has declined dramatically which might be a concern for some but for those looking for a quiet secluded lifestyle it could be perfect.
Table: Comparative Market Data
| Area | Median Price (House) | Quarterly Growth | 12-Month Growth | Annual Growth | Weekly Median Rent | Gross Rental Yield | Sales (12 months) | Avg. Days on Market (12 months) |
|---|---|---|---|---|---|---|---|---|
| Gladstone Central | $330,000 | 0.00% | -2.37% | 8.65% | $430 | 6.97% | 27 | 66 |
| South Gladstone | $340,000 | +3.03% | +3.03% | 5.15% | $420 | 6.72% | 118 | 27 |
| West Gladstone | $356,700 | +8.09% | +10.43% | 14.65% | $420 | 6.65% | 170 | 26 |
| Gladstone Harbour | N/A | N/A | N/A | N/A | N/A | N/A | 4 | N/A |
Gladstone vs Other QLD Markets
Gladstone is the only industrial city in Queensland and has its own challenges and opportunities compared to other major markets in the state.
While Gladstone’s median prices are affordable, other Queensland markets like Brisbane, Gold Coast and Sunshine Coast have different dynamics driven by various economic and lifestyle factors.
Gladstone has a median house price of $330,000 and a median unit price of $275,000 with a 6.97% rental yield for houses and 7.44% for units.
This is compared to suburbs like Brisbane City and Gold Coast areas like Ashmore and Nerang where the demand for units is driven by urban amenities and coastal lifestyle.
For example Brisbane City has a median unit price of $551,000 with on average a 5.93% rental yield, this is due to its urban appeal and higher cost of living.
Market Comparison Table
| Aspect | Gladstone Central | Brisbane City | Ashmore | Nerang |
|---|---|---|---|---|
| Median Price (Units) | $275,000 | $551,000 | $600,000 | $547,000 |
| Quarterly Growth | +3.77% | +0.18% | +8.40% | +5.19% |
| 12-Month Growth | +20.88% | +9.11% | +14.18% | +15.16% |
| Weekly Median Rent | $380 | $720 | $710 | $600 |
| Gross Rental Yield | 7.44% | 5.93% | 6.14% | 6.02% |
| Number of Sales (12m) | 101 | 769 | 67 | 112 |
| Avg. Days on Market (12m) | 52 | N/A | N/A | N/A |
- Gladstone’s industrial market means steady yields and moderate growth for investors looking for high yield.
- Brisbane City’s high sales volume and premium prices is the state capital with broad appeal across all demographics.
- Ashmore and Nerang on the Gold Coast has strong growth and high yields driven by lifestyle and tourism.
While Gladstone offers steady yields and moderate growth, it’s essential to know where not to buy in Queensland to avoid potential pitfalls.
Invest in Gladstone Property: How and Why
Residential Properties Are Affordable
We think Gladstone is a good option for investors looking at residential properties. Properties are relatively cheap in the area so it’s a good starting point for those just starting out.
Plus, the property prices have started to fall so it’s a good time to start looking for investment properties. You can explore more options by checking out real estate for sale in Gladstone QLD.
With increasing demand for rental properties in the area, we expect rental yields and returns to keep growing as families are attracted to Gladstone’s affordability and 300 Days of Sunshine.
But do remember the risks involved in investing in Gladstone. One risk is the local economy which is heavily reliant on the natural resource industry which has had its challenges in the region in the past.
And don’t forget the flood risks in the area and seek professional advice to make informed investment decisions.
And for those on a budget, understanding the cheapest place to live in Queensland can provide more affordable alternatives.
Commercial Properties Are Growing Rapidly
The commercial property market in Gladstone is about to get a boost with investment in infrastructure and industry.
Experts expect the job market to grow in the region in the next few years, especially with Gladstone being declared as Australia’s hydrogen hub.
This will create more demand for commercial properties and an opportunity for investors to diversify their portfolios.
Infrastructure Developments Are in Progress
Gladstone is set to get a lot of investment in infrastructure which will create new opportunities in the property market.
The town is moving from fossil fuel based industry to hydrogen production and reducing its reliance on traditional energy sources. This change will release prime land for tourism and an opportunity for investors to get in on the change.
And the infrastructure will create jobs and potentially drive up demand house prices and value for housing in the area so investors can expand their portfolio or get in.
In summary, residential, commercial and land development opportunities in Gladstone’s changing property market offers many options.
But do remember the risks and seek industry advice before you decide.
Key Drivers of the Gladstone Property Market
Industry and Resources
Gladstone’s economy is driven by its natural resources – coal, gas and oil. The city has a steady growth rate due to its consistent employment opportunities especially in the resources sector.
In fact, the top occupations in the area are technicians and trades workers, followed by professionals and labourers.
With a diverse industrial base Gladstone has:
- Coal mining and exporting
- Alumina production
- Aluminium smelting
- Cement manufacturing
- Liquid Natural Gas (LNG) production
These industries create jobs and underpin the property market.
Hydrogen Hub
Another key driver for Gladstone is its potential to be a hydrogen hub. The city is going through a green transition and it’s proving to be a good investment for property investors.
As the world demands clean and renewable energy Gladstone is in a unique position to capitalise on this with its existing infrastructure and industry.
Gladstone has an advantage in the hydrogen industry:
- Close to major resources and infrastructure
- Skilled workforce with experience in heavy industries
- Existing port facilities, pipelines and research centres
Investment in this hydrogen sector will create new jobs, drive technological innovation and overall economic growth in the city and benefit the property market.
In summary the key drivers for the Gladstone property market are its established resources and industry and its future as a hydrogen hub.
These will underpin the city’s economy and offer employment and long term growth.
Lifestyle and Amenities in Gladstone
Natural Attractions
Gladstone has many natural attractions that contribute their value to the high lifestyle. Being close to the Great Barrier Reef means stunning coastal views and activities.
- Great Barrier Reef: This natural wonder has a diverse marine environment to explore by snorkelling, diving and boating.
- Surf Beach: Our surf beaches are perfect for relaxing and outdoor fun.
- 1770 and Agnes Water: These coastal towns have beautiful beaches and outdoor activities.
Gladstone Education and Healthcare Facilities
Education:
Gladstone offers various educational options to suit all needs, from primary to secondary education. Notable schools in the area include:
- Gladstone State High School: Known for its strong academic programs and extracurricular activities, this school provides a supportive learning environment for secondary students.
- Chanel College: A co-educational Catholic secondary school that focuses on academic excellence, spiritual growth, and community service.
- Kin Kora State School: A highly regarded primary school that emphasizes a holistic approach to education, catering to the developmental needs of young learners.
- St. Francis Catholic Primary School: Offers a nurturing environment with a strong emphasis on academic and moral development.
Healthcare:
Gladstone’s healthcare system is well-equipped to look after all residents, with a range of hospitals and clinics providing comprehensive medical services:
- Gladstone Hospital: The primary healthcare facility in the area, offering a wide range of services including emergency care, surgical procedures, maternity services, and general medical care.
- Mater Hospital Gladstone: A private hospital that provides specialized healthcare services, including day surgery, palliative care, and various outpatient services.
- Gladstone GP Super Clinic: Offers a broad spectrum of healthcare services, from general practice to allied health services, ensuring the community has access to comprehensive medical care.
Plus the Gladstone property market is on the move according to data from to Herron Todd White’s national property clock data.
The green transition will be a good investment for property and the growing population and employment will keep demand for housing.
FAQ Section on ‘Gladstone Property Market’
Are house prices going up in Gladstone?
Yes, house prices in Gladstone have been rising. Over the past six months, there has been a 3% increase in median prices, with a notable median price of approximately $407,000 as of the latter half of 2023.
What is the house price prediction for Brisbane in 2024?
Domain predicts national house prices will increase by 5 to 7 percent in 2024, with specific increases for Brisbane and Adelaide of 7 to 8 percent, and for Sydney and Perth, 7 to 9 percent and 6 to 7 percent respectively.
What is the rental yield in Gladstone?
The current median rent in Gladstone for houses is $400 per week, yielding a median rental yield of 6.30%.
Is Gladstone a good place to invest in property?
Gladstone is recognized as one of regional Queensland’s strongest housing markets, demonstrating substantial growth over the past year.
