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Mark Spearing, the chairman of the REIQ in Gladstone, understandably keeps getting asked "What will the market do over the next 12 months?"
Spearing wrote more people were seeing the Gladstone market as a good buying prospect "with heaps of upside".
He noted a key indicators locally was the rental market that has stabilised over the quarter, that has been a long time coming.
"We all know the property market moves in cycles and now we are seeing some very interesting sales numbers come through, highlighting that more people are seeing our market as a good buying prospect with heaps of upside.
"Have we conceivably transitioned from an over priced market to an under valued one in super fast time?