Wow what a year 2021 has been! Not just for myself and LOCATIONS Estate Agents team, but also for the entire Gladstone property market. The signs were there last year that the market was starting to shift, just after the COVID19 lockdown. Although I’m sure none of us anticipated such strong growth this year, it’s been great to see our “industrial town” shift from a market slump and into rebound, growth territory.

As the rental market started to tighten and the vacancy rate dropped, it brought a lot of buyers forward to the market. These buyers saw rental prices rising and wanted to start paying off a mortgage of their own. These buyers have certainly been some of our most active throughout the year, looking to jump into our moving market before they get priced out. Local and out of town investors have also seen value in our market with plenty of potential upside for both rental yield and capital growth.

The recent announcement of Gladstone as the ‘Hydrogen Hub of Australia’ has certainly given investors the confidence to purchase again in our region. For many years both local and out of town investors lost faith in Gladstone due to the most recent LNG boom and bust. Lenders also made financing property difficult with tighter risk ratings and larger deposits for loans. But that now seems like forever ago. Investors are once again snapping up properties sight unseen and for very strong sale prices too.

This year has seen an abundance of buyers from Australia wide cities look to purchase both house and land, sight unseen in regional towns like Gladstone as they look to move out of the congested city life and enjoy the lifestyle our region can offer. While we have seen plenty of sight unseen transactions, I strongly believe there are plenty more buyers who will want to view before buying where possible. With the boarders opening on the 17th  December, I also believe we will see an influx of buyers make the trip to Gladstone to purchase and move immediately.

While I’ve touched on the performance of the Gladstone market, I would also like to highlight the year I’ve had as a property sales specialist. This is important to me because it demonstrates to clients why choosing to list their property for sale with both myself and LOCATIONS estate agents is in their best interests.

Personally 2021 has been the best year I’ve had in this industry and after many years battling a weak market in 2018, 2019 and the majority of 2020, it’s excellent to see Gladstone thriving once again. Year to date, I’ve been able to sell a total of 68 properties with a median sold price of $367,000. This is a huge improvement compared to last year and I’m hoping to see these figures continue to rise in 2022. I also had the honour to be nominated as a finalist alongside some of Queensland’s best performing agents for the REIQ Awards of Excellence in the Regional Sales Agent of the Year category. While I didn’t take home the win it was great to be acknowledge for all the hard work the team and myself have put in. Looking forward, I’m confident we should see our market continue to strengthen as we move into the new year with statistics, trends and insight showing a continued growth in 2022. It’s also a pleasure to note that our agency has now donated over $20,000 back into local clubs, organisations and charities as part of our Community Donation Program.  The program was initiated in August 2020 and we are very proud of this latest milestone.

Well, it’s nearly Christmas which is always a fun time for real estate agents as we look to take a much needed break. Thank you to each of my clients and the community for supporting both myself and our agency this year. I can’t wait to hit the ground running in 2022.

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