Newspaper article The Observer (Gladstone, Australia)

Gladstone Prices Soaring

Newspaper article The Observer (Gladstone, Australia)

Gladstone Prices Soaring

Article excerpt

Byline: David Sparkes

Good timing

Lisa and Brent bought their home, in New Auckland, last October for a price Cyin the low 300 thousands'.

Lisa said it was hard to know what her home was worth now, but she estimated it had gone up about 20%.

TIMING is everything, especially when you are buying a house.

Research from the Real Estate Institute of Queensland shows Gladstone's house values rose 10.8% during the 2011-12 financial year, more than any other region in the state.

With such a big increase, last year's buyers could be forgiven for breathing a sigh of relief, while those now hunting for a home must be kicking themselves for not buying earlier.

Lisa Sweeney and her husband Brent, 29, bought their home in October last year.

Mrs Sweeney said they timed their purchase well, as the Federal Government announced in October it had approved Gladstone's LNG projects.

Most real estate agents in Gladstone agree that announcement was the pivotal date from which property values began to soar. …

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