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Gladstone, Qld

Gladstone, 550km north of Brisbane, is one of Australia’s major industrial cities with over $80 billion of new resource and infrastructure projects planned, including four LNG projects, a port expansion and new rail links. Rents and prices rose strongly over 2011 and 2012 but, in the year to February 2013, rental vacancies have risen from 1% to 4.3%, according to SQM Research. The researcher also found prices and rentals fell back over the year, with average house prices dipping 5% to $500,173 and rents falling 8% to $617 a week. Unit prices dropped 7% to $418,500 and rentals eased 1% to $555.

But with the population expected to grow over the next five years as new projects are completed, the upward trend in prices and rentals is expected to resume.

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