The sales market conditions have remained steady on the Fraser Coast over the last quarter while other regional areas remain mostly weak.
The sales market conditions have remained steady on the Fraser Coast over the last quarter while other regional areas remain mostly weak. Claudia Baxter

Housing market remains steady or weak in regional areas

THE sales market conditions have remained steady on the Fraser Coast over the last quarter as the median house price sits at $300,000. 

REIQ figures have revealed a very slight change of 0.2% in median house prices for the last quarter.

In other regional areas, market conditions remain weak, however, latest figures show Gladstone may be turning a corner.

The number of houses in the Gladstone market is slowly coming down with the annual trend recording its fifth consecutive quarterly drop.

House sales activity has levelled out, with average days on market and average vendor discounting rates improved upon that recorded a year ago.

Rockhampton, Townsville and Bundaberg also recorded relatively stable house sales activity over the quarter, however improvements in days on market and vendor discounting is yet to be seen.

Gladstone, Bundaberg and Rockhampton's median house prices eased over the quarter, while Townsville's was up marginally, 0.3 per cent.

Mackay's house market continues to stabilise, with market indicators continuing to decline despite house sales numbers increase nine per cent over the quarter.

The region's median house price however softened only 2.8 per cent to $345,000 over the September quarter.

 

MEDIAN HOUSE PRICES 

Last quarter - REIQ

FRASER COAST: $ 300,000 

CAIRNS: $ 400,000

BUNDABERG: $ 269,000 

GLADSTONE: $ 342,000 

MACKAY: $ 345,000 

ROCKHAMPTON: $ 275,000 

TOOWOOMBA: $ 353,000 

GOLD COAST: $ 545,000

SUNSHINE COAST: $ 496,500 

NOOSA: $520,000



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