Gladstone residential market dominated by first home buyers and upgraders; Herron Todd White

Much the same as most other regional locations across Central Queensland, Gladstone has a good mix of home-owner types, according to a recent report from valuation firm Herron Todd White.

“Investors have been very prominent during boom periods, however first home owners and upgraders have taken the market share of purchasers over the past two to three years,” the report found.

“It’s not hard to recognise the value to be had in the current market even after having seen minor price growth over the past 12 months. We have seen a marked increase in demand for executive style large four-bedroom homes on larger lots and typically with pools or sheds.”

The report concluded that the increase in demand has come from out of town buyers (typically from southern markets) wanting to downsize their mortgage but at the same time not wanting to compromise on quality or features.