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My situation is about the same, if that were to come to fruition would be stoked to just get my money back. Sad really, sillly first ever investment, should have stuck to the capitals to start with at least but you live and you learn.

Still talk of this steel plant going ahead in the Gladstone observer, saying they would be aiming to start construction in 2016. Alot of jobs involved if it goes ahead. All the locals comment on there saying it has no hope of going ahead though, anyone on the ground there with any...

Does anyone think this boulder steel project will end up going ahead? Seems like theres been abit going on in the background to get it happening again.

Yes I'm hearing you Dave. It seems a classic case of that herd mentality, everyone is kicking gladdy while it's down, and it will probably go down further. But it won't be that way forever, and like you my cash flow is still ok. My tenants are a young local couple that don't work in the...

Gladstone will be fine, if you can hold on through the tough times, long term it will be ok...........I don't have anything to back this comment up, I'm just trying to lighten the mood on all the doom and gloom :rolleyes:

Wow, do tell the "truth" we are all fascinated by what your guru mate has to say

Thanks Damobigred. Do u know wat her fees were? Just wondering if the current 8.5% I'm paying at the moment is pretty standard for Gladstone.

Can any of you guys with IP's in gladdy recommend a good property manager? Starting to get a bit sick of mine not calling/emailing back and being too slow on repairs.

I also agree with this. It was always going to settle back down, and now hopefully should just tick along nicely. The thing to look at beyond the construction jobs Is all the permanent jobs that will be created, which will keep Gladstone moving forward IMO. And like you said good yields to be...

Any thoughts on what might happen to the market if this proposed fast rail between rocky, gladstone, bundaberg and maryborough goes ahead??

Hey guys, just thought id share my experience with my Gladstone property so far. This is my first Investment property, one of many hopefully :) I Purchased a 3 bed, 1 bath highset in kin kora in July 2011. I paid $375,000. The tennants that were in there were only paying $295 a week. By the...