Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Gas to Heat Housing Prices on the Downs

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Gas to Heat Housing Prices on the Downs

Article excerpt

Byline: OWEN JACQUES APN NEWSDESK

THE housing investment boom that drove up property prices in Mackay and Gladstone is now looming for the gas-rich regions of Toowoomba and the Southern Downs in the state's south-west, with property experts warning of a possible bubble.

New regional data from Australian Property Monitors shows increasing house prices in Toowoomba and Warwick, a trend APM senior economist Dr Andrew Wilson said was driven by "good value" in the area.

Last year median house prices in the Southern Downs shire increased by more than 10% to $265,000 and those in Toowoomba rose 7.8% to $345,000.

"Toowoomba is certainly strengthening," Dr Wilson said.

"There is a lot of investor interest in the Toowoomba market because it is the gateway to the Surat Basin.

"It's perceived now as an investor hotspot - I'm not sure if that's a great positive given the experience of Gladstone."

The price for a house or unit in Gladstone tumbled by 8-17% in the past year as a market overheated by billions in gas infrastructure continued to cool. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.