Gladstone, located in Queensland, has a typical property price of approximately $340,000. The property market in Gladstone has shown varied growth patterns, with a slight increase in price over the past month (0.0009) but a decline in the last quarter (-0.0026) and the past six months (-0.018). The annual price growth has also been negative (-0.0511), though there is a positive long-term growth trend over the past three years (0.0236) and five years (0.0972). The rental yield is estimated at 5.2%, making it an attractive option for investors seeking rental income. The vacancy rate in Gladstone is assumed to be around 3.5%. Overall, while there have been some short-term declines, the long-term growth prospects and high rental yield make Gladstone a promising investment location.

KEY POINTS
-Typical Price: $340,000

-Price Growth: 1M: 0.0009, 1Q: -0.0026, 6M: -0.018, 1Y: -0.0511, 3Y: 0.0236, 5Y: 0.0972

-Rental Yield: 5.2% (assumed)

-Vacancy Rate: 3.5% (assumed)

-Growth Patterns: Negative short-term growth, positive long-term growth.

Central Queensland Hydrogen Project (CQ-H2): Valued at $14.8 billion, this project aims to position Gladstone as a key player in the hydrogen industry.

Central Queensland Power Project (CQP): Another substantial project aimed at bolstering the region's power infrastructure.

Toowoomba to Gladstone Inland Rail: This major infrastructure project will improve connectivity and logistics.

Gladstone Nickel Project - HPAL Processing Plant and Moura Link - Aldoga Rail Project Banana to Gladstone Stage 2: Each valued at $1 billion, these projects will enhance the region's industrial capabilities.

-Flood Risk: 97

-Bushfire Risk: 100

-Relative Composite Score™: 68

-Capital Growth: 77

-Overall: 69

-Distance to Nearest GPO (Km): 130

Gladstone, located in postal code 4680, QLD, has a diversified economy with key industries including accommodation and food services, healthcare and social assistance, and manufacturing. The population has seen a slight increase of 0.19% since the last census, growing from 1,547 to 1,550 residents. The five-year population forecast predicts a significant growth of 4.48%, potentially reaching up to 66,800 residents. This indicates a promising trend for the real estate market as it suggests a potential increase in housing demand.

The unemployment rate has seen a substantial decrease of 18.02% since the last census, dropping from 12.82% to 10.51%. This is a positive sign for the local economy and could lead to an increase in purchasing power among residents, which could positively impact the real estate market. However, the unemployment rate is still higher than the state average of 5.37%. The median weekly household income has slightly decreased by 0.82% since the last census, from $1,335 to $1,324, which is lower than the state average of $1,675. This could potentially limit the growth of the real estate market as it may restrict the affordability of properties for some residents.

The housing market in Gladstone Central, 4680, QLD is currently exhibiting a promising trend. The existing median sales price of properties stands at $340,000. With a confidence rate of 70%, it's anticipated that this figure will see an increase within the range of $334,982 to $406,082. This predicted rise represents a healthy growth prediction forecast value of 8.02%.

In addition to sales prices, rental rates are also projected to experience an uptick over the next year and quarter. Currently set at $370 per week as the median asking rent price, there is a positive rent growth prediction forecast for this location as well. Within a similar confidence interval of 70%, rents are expected to grow from their current levels up to fall between $385 and $424 weekly rates over the upcoming period. The estimated average growth rate stands at an encouraging figure of 8.92%.