Gladstone homes hottest in country

GLADSTONE has been nominated as the hottest property market in the country by real estate agents, property developers, investors and owners.

The National Australia Bank (NAB) survey asked respondents to nominate three 'hot spots' where they expect the fastest growth in home prices.

Gladstone was most nominated the hottest place in Australia, due to gas-related projects, while Clayfield, Mackay and Townsville were also nominated in Queensland.

The March survey showed an expected average increase of 3.5 per cent in residential rents over the coming 12 months in Queensland with most expecting the strongest growth in Western Australia, NSW and the ACT.

The weakest area of growth is expected to be South Australia and the Northern Territory with respondents expecting a 0.2 per cent decline in home prices over the next year.