Units pricier than ever in Queensland hotspot Gladstone

Unit prices are pricier in the property investment hotspot Gladstone, Queensland than ever before, with units over $500,000 now representing more than a quarter of all unit sales, compared with 3% for this price point two years ago.

The percentage of units sold priced between $450,000 and $500,000 also increased dramatically over the past two years, from 5% to 20% of units in the region, according to PRDnationwide. 

"Unprecedented growth in both sales activity and capital values during [thje past five years] has driven the market to a full recovery, bucking the nation’s unrelenting trend of diminishing sales volumes and softening capitalvalues since the onset of the global financial crisis," says the PRDnationwide analysis.

The PRDnationwide report also shows that after slumping during the GFC, Gladstone unit sales volumes have recovered to pre-GFC levels. This is not the case for Gladstone house and land sales, as they are yet to return to their pre-GFC peak.

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