A LACK of confidence and uncertainty due to coronavirus is expected to slow the region's property market, but experts say it's well placed to avoid large value drops.

Property research site Hotspotting.com.au founder Terry Ryder said analysts, including those of major banks and CoreLogic, were suggesting some markets would take a 5-10 per cent hit in the short term.

However, Mr Ryder expected regional Australia, including Gladstone, to be less impacted than the big cities.

"Gladstone is going to be fairly well insulated, as well as some other regional areas," he said.

The region's strong resource economy is expected to help reduce COVID-19 impacts on property values

A recent Herron Todd White residential report said Gladstone was a rising market after years of bottom-of-the-market values, with vacancy rates at 2 per cent.

Mr Ryder said this was "a solid thing to have".

"One of the things Gladstone has in its favour is coming into this period, the market was starting to rise and it was quite strong," he said.

"Gladstone has got an economy that's well placed to withstand the worst of this and I wouldn't expect property prices to drop at all."

Source: Gladstone Observer

408/35 Lord Street Gladstone Central	$458,000


Sub-Penthouse at Aspex Apartments - Act Quickly... Or Miss Out..!	3 2 2
Raine & Horne Gladstone are proud to introduce this luxurious Sub-Penthouse Apartment at "ASPEX Apartments" to the current Gladstone Property Market. This residence is without a doubt one of the best apartments in Gladstone and offers you an amazing 156m2 and boasts great views of the Auckland Inlet and off-shore islands and the East Shores Parks Precinct. The sensational water views and central location of the Sub-penthouse are what sets it apart from all the rest and this is sure to be one "hot property" in the current market conditions at this fantastic price. "Aspex" offers you a secure living environment, affordable luxury, fantastic water views, and a great place to kick back and enjoy the fantastic weather conditions we have in Central Queensland. I have always been a big advocate of buying premium real estate in a blue chip location and this residence certainly ticks all these boxes, and with the property prices now at the bottom of this pricing cycle & interest rates at an all-time low there has never been a better time to secure a great "blue chip" property for a fantastic price then now. So if you are looking for something special in the current market and enjoy the finer things in life then I would suggest a private inspection as soon as possible as I can guarantee you that once this residence hits the open market there is going to be plenty of interest! Some of the features of this fantastic apartment are as follows: - 156m2 corner apartment consisting of 3 spacious bedrooms and 2 modern bathrooms + Powder Room - Great water views of the Auckland Inlet and Off-shore Islands and the East Shores Parks Precinct - Spacious open plan living areas with direct access to the massive outdoor tiled balcony - Stone feature bench-tops throughout the kitchen and bathrooms - Gourmet kitchen with top quality appliances - Fully air-conditioned - Abundance of storage options - Private double lock up garage... Plus much, much more..! If you have been waiting for an opportunity to take advantage of the current market conditions then I would suggest that you get here fast, as this is the best luxurious 3 bedroom Sub-Penthouse Apartment on the Queensland waterfront coastline..! For more information contact the Marketing Agent Steven James on 0439 111 197 to arrange your Private Inspection Today. * Photos are indicative only.
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FOR SALE


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	2 2
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	2 2 1
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	3 2 2
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	2 2
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	2 2
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	3 1
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	4 2
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	4 2 2
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	4 2 2
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	1 1
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	2 1 1
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	3 2 1
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	2 2 1
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	3 1 2
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	3 2 2
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	3 3 2
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	5 2 1
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SOLD


	44 Dean Street Glen Eden Sold Raine & Horne Gladstone are proud to introduce 44 Dean Street to the local property market and know that this immaculately presented home will be well received by families that are looking for a well ... View
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	Lot 114 Swagman Drive Benaraby Sold Here is your opportunity to own a large 6.13 Hectare parcel of land in this premium estate. The developer is ready to sell and has set the price accordingly. With more than enough room for a large ... View

Thank you for viewing our Market Update. Should you have any further questions, please do not hesitate to contact the office on 07 4972 1500.

Kind Regards,

Raine & Horne Gladstone

Gladstone Blog