REIQ Housing Updates – Gladstone Shines in Queensland’s Climbing Property Market 

With Queensland property prices continuing to climb over the March 2024 Quarter, the Real Estate Institute of Queensland (REIQ) is encouraging aspiring homeowners to think laterally to get onto the property ladder. Across Queensland, the median price growth of units outpaced that of houses over the quarter, as well as over the year. Units grew 5.09% to $578K and houses rose 2.07% to $735K over the March quarter. Annually, units lifted 10.2% and houses increased by 8.46%.

Gladstone has emerged as a standout performer in this competitive market. REIQ CEO Antonia Mercorella highlighted Gladstone’s impressive growth, noting, “In the housing market, the star performer over the quarter was Gladstone (6.59%), followed by Toowoomba (6.55%), Rockhampton (5.91%), and Townsville (5.27%), demonstrating the continued renaissance of the regions.”