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austinvest
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August 9, 2011 - 3:43 am
Coastal Homes – Craig Price is the builder.
Local builder for over 20 years and by far and away the most value for money. Great office team behind him as well for ongoing support.
Will look at blocks for you and be completely straight about what will and won't work.
I've built with him 3 times now.
Austy
austinvest
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August 8, 2011 - 12:00 pm
Portfolio PI wrote:
I am looking at an estate where the land is selling for mid 200's, when you add regional build costs at $1500 sqm you are looking at $550,000 before costs (stamp duty, construction interest etc). So far it seems that valuations sometimes won't stack up at this. Rent for this will be $600 approx –
$1500 per sqm? If you're paying that you are getting royally ripped off.
$1250sqm should be the maximum you should outlay and that is with a quality local builder. A lot of the builders up this way are not local, Aspire being one of them.
Austy
austinvest
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May 10, 2011 - 9:21 am
jojo42 wrote:
Hi Natasha,
Just read your post and I was/still looking at Gladstone to invest, the areas to be careful about that i have read in newspaper articles, are those suburbs that have fumes from the mines that have caused some problems for families- may have to investigate exactly where they are!
Good luck to you
Jo
Jo,
Ther are no mines in Gladstone. Zero, zilch, none. It is not a mining town.
It may export mining products through its port but it has no mines. People don't seem to realise that.
The areas you are talking about in Toolooa and south Gladstone are the areas that are close to QAL. QAL is an alumina refinery. The majority of issues that arise from QAL are caustic releases. These are few and far between. Years, but they happen sometimes during plant anomolies.
The other issue with Gladstone can be the coal dust from the port. West Gladstone is an area that gets affected but it is also one of the best areas to live.
Do not believe a word that you read in the Gladstone observer articles or the letters to the editor in that publication. Some of the poorest journalism and one eyed contibuters.
The LNG is coming on a scale not seen before, however, that still means that you need to do your research and work out what your plan is.
The next five years will see unprecedented returns and growth but it will not last forever.
Michael is right in that you need to look at future add value properties. For now, new houses are the priority for the construction companies who are sending their workers to Gladstone. These new developements are on the outskirts of Gladstone and some of them are on very minimal size blocks.
Bigger blocks, closer to the centre of town with development potential are the way to go in my opinion.
I have however built 3 houses this year and only because my blocks were purchased previous to the LNG announcements.
The rents have risen $200 per week to an average of $600 a week now.
If you are looking for a quality builder in Gladstone then I can't say enough good things about Craig Price at Coastal Homes in Gladstone.
There are many spruikers offering house and land packages on this and other property forums. If you're happy to pay a $50k premium to sign up with them then you are off your rocker.
Good luck
Austy
austinvest
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February 2, 2011 - 12:14 pm
elisa75 wrote:
Can anyone recommend a good property manager in Gladstone? We've had a duplex for a few years and have recently been very disappointed with our current rental manager. Many thanks.
I assume you are talking about Gladstone, QLD?
In any case, i have never heard of Legacy Realty Group in Gladstone, QLD and highly doubt they are the "best" as one poster will have you believe.
I use LJ Hooker, but believe there is possibly better agencies around. While some agencies could be good, yoou are always at the mercy of the individual property manager you get lumped with.
Seems there is a relatively high turnover of pm's in Gladstone, QLD.
Good luck
Austy
austinvest
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January 13, 2011 - 4:04 am
Some more info –
http://www.theaustralian.com.au/business/mining-energy/gladstone-lng-project-gets-official-approval/story-e6frg9ef-1225986968276
Austy
austinvest
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December 18, 2010 - 7:04 am
Tony,
I understand you are a BA in Gladstone?
Do you live there or just service the area?
I don't expect you to declare addresses, but would you consider there is better value in the house and land packages on offer in the various Gladstone land releases or would you steer people towards an existing dwelling closer to the CBD or Kin Kora centre?
Which do you think gives the better yield currently?
Is there a specific type of property that is favourable in the upcoming market?
Appreciate your thoughts
Austy
austinvest
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December 18, 2010 - 3:25 am
And some more
http://www.theaustralian.com.au/business/santos-seals-70bn-gladstone-gas-deal-with-korea/story-e6frg8zx-1225972395754
Austy
austinvest
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December 18, 2010 - 3:24 am
A bit more news
http://www.theaustralian.com.au/business/origin-energy-is-poised-for-asian-gas-bonanza/story-e6frg8zx-1225972945975
Austy
austinvest
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December 9, 2010 - 7:45 am
Nope, that is about standard. That is probably one of the larger blocks for that estate.
Interested to know what you paid for your house and land package.
Tribeca Living aren't a local building co. from what i know. There have been quite a few move into town lately to secure some of the business that is coming Gladstone's way.
Austy
austinvest
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December 9, 2010 - 5:15 am
The only thing to consider with Vantage is whether you are getting value for money based on comparable sales.
Vantage Estates blocks are mainly smaller than other developments and have quite a few "Courtyard" blocks which are tiny.
Just so long as you don't pay the full 4×2 price for the small lots.
Austy
austinvest
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December 3, 2010 - 11:04 am
mike.12 wrote:
Thanks for the information,what about in calliope ,there is town house for sale,what sort of rent you will get and the strata levi,any one bought this,
You may want to be a bit more specific if you want an answer worth any reasonable value.
Austy
austinvest
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December 3, 2010 - 8:49 am
AAQ wrote:
Hi Jules
just got back from Gladstone & rockhampton yesterday,
Prices are going up (rents and purchase) as these projects are starting up but I would say there is still growth to come in prices and at the moment there is a lot of fly in fly out workers (hence the apartments) also difficulty and price to get a flight here. It was cheaper to fly to Rocky and drive down then fly direct into Gladstone.

I think your assertion that Gladstone has FIFO workers and they are all staying in the apartments is way off the mark.
Gladstone doesn't have any industry that utilises the FIFO rosters similar to the North West. Workers maybe living in some of the new apartments but they don't work the rosters you refer to.
Most construction workers who will arrive to Gladstone for the duration of the various projects will be based here semi permanently.
Flights to Gladstone have always been more expensive than Rockhampton, due mainly to the fact that only one airline currently flies to Gladstone. Unlike Rocky which has Tiger, Virgin Blue and Qantas.
It may be cheaper to fly to Rocky, but by the time you add in car hire, fuel and the cost of your time, i think it would be a lot simpler and about the same relative cost to fly to direct.
I'll definitely agree that the lack of Sunday trading lets Gladstone down immensely for an up and coming regional location.
Austy
austinvest
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December 3, 2010 - 8:35 am
For interests sake, I have just rented a 4×2 bedroom house in Glen Eden (Gladstone) for $500 a week.
It is brand new and has been snapped up by a company coming to town for the LNG work. 1 week to lease. They want it for 4 years.
$420k to complete and rents for $500 per week with massive capital growth upside.
Fairly happy with that.
Austy
austinvest
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November 28, 2010 - 6:38 am
JT7 wrote:
DWolfe wrote:
Austy,
This whole thread is a massive spruik. I'd be interested to see how much of this is genuine
D
AGREED! This is a forum supporting a community of genuine property investors and shouldn't be used by spruikers selling their wares! If you want to advertise your properties then perhaps you should pay for and use the usual avenues. JT
Yep,
And that's what i'm trying to achieve a little, by pulling them up and asking why they consider their offerings to be so grand.
If you want to spruik you need to be prepared to defend your position and clearly articulate why it is so good.
I'm heavily invested in Gladstone and would love to see substantial growth, but would prefer to see a good, robust debate, rather than "get in now" and "buy what i have to sell" posters.
Austy
austinvest
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November 28, 2010 - 3:36 am
Packer wrote:
I don't know to much about property but I know a thing or two about the oil & gas industry.
I have been heavily involved on some of the biggest projects in Australia and yes, I am karratha lad
Born and bred. So I also know a thing or two about the effects these major jobs has on a community on all aspects
including overpriced houses and B**%S#*T returns.
Let's not compare Gladstone with Karratha just because the GLNG project will be going ahead, this job will at it's peak employ 3000 people, 1000 of which are white collars, 2000 blue collars. There will be a camp built for the workers and once the job is done it will have a maintenance team of 200, this is not a significant population boost into town. Gladstone has allot of property on the market, so the simple supply&demand is not going to outweigh like it has and is still in Karratha.
Also Karratha is an established mining town, they didn't just have one project than boom!!!! No it had several major projects and it is ongoing at the moment. Karratha is the bottle neck for most exports in the North West.
Buy a smoko van if you want to cash in on that project, seriously! Or own a brothel.
Have you been to Gladstone Packer?
I think if you did some research, you may see that Gladstone has quite a few projects, past, present and well into the future.
I agree that Gladstone's housing market can't be compared to Karratha's for a myriad of reasons, but it will see substantial and sustained growth.
You also might re-think your smoko van suggestion when you realise that the GLNG is actually being constructed on an island!!
Comparisons to Karratha might not be suitable, but boy, you watch it take off in the next few years.
Austy
austinvest
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November 27, 2010 - 10:47 am
Magic Mark wrote:
Hi Austy,
Hmmm…. Not sure how you knew that I worked for Atkinson Homes/Suncrest Homes Gladstone, as I had no intention of self promoting on this forum. I DO live here and things really are heating up.
It is is no big secret what is going on here in Gladstone at the moment with all the press about the HUGE LNG project approvals in recent week(s).
That being said, I am most happy to share with you (or anyone else that has an interest) in what is available in H & L packages.
I think best way to do so is to just email me directly from my profile on this site and I am happy to share all.
Magic Mark

Ahh, you see that is the sceptic coming out in me!
A quick google search with the mobile number you posted up leads me straight to you.
You may have no intention of self promoting in an obvious way, but by providing your mobile number with the offer to call is, as far as i believe, self promoting.
Your first post suggests getting in on H & L packages now, and amazingly that is a service that the company you work for provides.
None to subtle.
I am however, interested in why you believe a new house and land package would be more beneficial than an existing house?
Do you think because Calliope is 20 mins away from Gladstone that it may lag slightly in capital growth, as it has in the past?
Looking forward to more discussion on Gladstone
Cheers
Austy
austinvest
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November 26, 2010 - 10:43 am
Magic Mark wrote:
Hi Bozena,
I am an ex Vic and felt I should give my two bobs worth.
I can tell you that the Gold Coast may not be your first choice for Queensland.
It has gone very very quiet there with the focus further up North where the jobs are.
I live in Gladstone/Calliope and am witnessing the new Karratha and Meekatharra!
It is has already started here and will go through the roof over the next year. Now's your timing here for new H & L package.
There are ten viewers for every rental property and rental returns are strong.
Good Luck and if I can help you further call me…0418 797 395
So what House and land package deals are you doing at Atkinson Homes?
Care to share some numbers of what can be secured in Gladstone/Calliope at the moment for house and land packages?
Cheers
Austy