All Topics / General Property / Gladstone
Hi there,
I am intrested in diversifying my investment into regional centres. Wondering if anyone has tips on investing in gladstone?
Thanks in advance!
BNM
I would love to hear any also. I plan for my next purchase to be there.
Hi,
Me too. I'd love to know what are the best areas/best new estates.I have just purchased a house in South Gladstone on an 868 sqm corner block, zoned high density residential. Looking at eventually (when I have enough capital behind me) moving the house to another property and putting 6 units up.
Gladstone is my number one pick in Australia for capital growth, given the huge investments going on there in the next few years (approx $40 billion) and an estimated required workforce of an extra 10,000 jobs over the next 4 years during the construction phase (in a city of only 40,000).
I see it as the next Port Hedland (where prices are $1M+) and that huge capital growth is assured in the next 5 years.
One thing to watch out for though is termites, (totally foreign to me being from NZ). Talking with the building inspector, he advised that they would find termite activity in 2 out of 3 houses in Gladstone. Definitely get an inspection done and make sure that you have appropriate chemical barrier protection in place to avoid issues in the future.
When I was shouting Gladstone 2 years ago several of my clients did jump in and secure property all between $100k and $130k for 2 bedroom units. I havent seen any cashflow positive there for sometime, but its always nice that my clients have all experienced $100k plus cap gains profit from each of these deals.
As the new estates are all filling up, there may now be a few bargains as that market has been quiet for a while. Good Luck everyone. Happy Hunting
DD
Hey guys, here's a good solid article about Gladstone I thought might help you…
http://www.sahben.com.au/files/Gladstone_Article.pdf
Cheers
RobThanx for that Rob,
but the link is telling me that access is denied
cheers
Here are some great articles and videos on the Gladstone Investment Market and the area in general.
http://www.investmenthotspots.com.au
Click on Queensland then Gladstone…
Good Luck
Investwell
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