Hello, can any recommend me a good agent for Gladstone or any other good contacts? Im planning on flying up there soon to take a look for myself and it would be great to get some contacts. Ive been offered a new house and land package in stockwood for low $500Ks. Not sure how this estate stacks up and how it comapres to others in town. Im hearing all the big projects happening now and others in the future but also hearing some neagtive news around rentals and accommodation, so its a reeally hard one to know what to do, if im spending $500K+ I want to make sure im doing the right thing. Any help or advice woudl be greatly appreciated.
Cheers
DMHi DM
I bought a new 3/2/2 hse there, not in an estate, settled in may and rented out straight away for 600pw. There has been a bit of a lull
there recently so prob a good time to buy, as thousands of workers are yet to move in there,
did you see these headlines the other day:I have a CQU report about gladstones future, which is independant and free of spruiking,
PM me your email address and i’ll send it to you,can go on forever about Gladstone but its all been already covered in depth on another property forum
so have a look,be aware some of those H & L packages are overpriced and not in the best locations, Eg. Hillclose is
a good estate and in a good location, have a look when you’re there.Cheers
Clintand some more recent Gladstone industry info:
http://www.gladstoneindustry.org.au/wp-content/uploads/Dev-Rev-Matrix-March-20121.pdf
Hi DM,
I am also looking for IPs in the Gladstone area as well as I've heard that property yields have been very positive and will continue to do so for the next coming years. A friend of mine recently bought a property in Gladstone with this property development company called Indium. Maybe you can try giving them a call and see what they can do for you. I've spoken to them over the phone last week and they seem really helpful in helping me better understand the property situation in Gladstone.
Of course, I've been scouring forums and the net for information on Gladstone properties and I recommend you to do so as well. Good luck! And if you do find any more info about other Gladstone agents please post it up here for me to check them out as well.
Thanks.
Is anyone concerned that mass accommodation camps will reduce demand and affect the market in very quick and drastic ways?
http://www.miningaustralia.com.au/news/fleetwood-wins-gladstone-camp-contract
http://gea.asn.au/2012/09/moranbah-real-estate-does-complete-backflip
I am on the ground in Gladstone and in my opinion the sudden surge in demand for rentals is only very temporary. There might be some good returns over the next 2-3 years but I wouldnt recommend holding any longer than that.
The following article regarding the lifting of a ban on oil shale mining in Queensland.was in the Observer today in Gladstone. Curiously, this sentence ("The industry was told it must prove it's technology before the government would give the green light to proceed.") in the article elicited no further comment as to whether or not the requirement was satisfactorily met.
Now, do we get Tony Burke grandstanding again, delaying Federal approval for two weeks while a "thorough" analysis is undertaken to fill in the multitude of gaps left by the approval process in Queensland?
https://www.propertyinvesting.com/forums/property-investing/help-needed/4345061
Damned computer…. here’s the link
http://www.gladstoneobserver.com.au/news/boost-gladstone-government-lifts-ban-shale-oil/1753676/
http://www.gladstoneobserver.com.au/news/rolling-with-industry-changes-in-our-region/2083607/ This article has a series of photos attached showing developments in Gladstone. Still lots of vacant blocks waiting for houses on residential sites. It will be quite a while (years) before demand can exceed this supply. But with the magnitude of investment and infrastructure going into Gladstone, it's clear this town will be a significant player in the economy in the future.
Rental market in resource areas weaker than rest of state
Gladstone, Mackay, Rockhampton and Townsville, where the resources sector plays an important role in local economies, continued to exhibit relatively weak rental market conditions with vacancy rates of 3.5 per cent and above recorded.
Rental price drops by up to $120 a week in Gladstone
THE median rental price in Gladstone has dropped by up to $120 a week despite ongoing employment opportunities in the mining and construction industries, according to PRDnationwide's latest report on the region.
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