BUMP:
Would like to hear others thoughts on the future of the Gladstone market....
As we know rents have come back 15% and Sale prices back 15% due to the major oversupply.
What are the opinions regarding length of time of the current downswing and is the bottom close or is there a...
A snippit from a email i just recieved:
" Huge announcements this week here in Gladstone as Boulder Steel take another step forward with their construction of $4Billion Steel Refinery at the engine room of the nation.
Gladstone's property market is set to skip along once again, even though...
Speaking to my pm and a few agents, there is defantly a plateau of rents and prices. They are actualy advising many wanting to sell to put tenants in till next year, looking at whats currently on the market my opinion is it might have come back slightly already?....Maybe things are slowing...
Agree nathan or Propertunity for syd, you wont go wrong with either.
Gladstone has a few "experts" that have popped up, i would simply do this one yourself there is plenty of info on here regarding the area to purchase in etc...
I lived in rhodes for 5 yrs and now live just over the river in putney....There is/was a gas smell that gets spreed from the soil turning from time to time. My guess would be 60-70% are lived in by people from asain heritige. Its a great location with good facilitys and would have no issue...
As someone mentioned below the article The UDA area looks like it sits under high voltage powerlines. Blocks will be packed in....looks like a nice gov cash grab to me.
I've sent you a pm. We are currently doing a simular project up there.
We wanted to subdividing and put a duplex on the rear...however we have settled for a 4 bed house on the rear, as we were told no chance for the duplex. Obvisouly its all site dependant ;)
Did you grab the one in flinders st its been sold a few times?
Just out of interest the one your putting the 2 x t/houses on the rear how big is the block? Im currently got one on just over 900 and were in the midest of subdividing that for a 4 bedder on the back...
Cheers lawry i will keep her in mind.
Rooster how did you guess you got me in one, All i was after was any updated information exactly like i got from lawry, i read your post and all the threads prior to asking so next time you want to be a ****** just keep it to yourself