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We've just had to lower our rent to $250 per week from $380 in order to get a new tenant after the last one vacated. So over the last 2 years it's gone from $480 to $380 and now down to $250. Tenants signed for a year so hopefully in 12 months time things have stabilised. With rates and...

Our tenants lease will expire at the end of May. They are currently paying 380 a week (3 bed weatherboard house on Toolooa Street) and have offered to pay 330. Agent is advising we take it. This time last year they were paying 480 and soon to be 330. I hope it doesn't go down any further..

That's just great and to add to all the other news coming out of Gladstone at the moment. We have an off the plan unit settling in June and I dread to think what the bank's going to value it at... Oh well a learning experience that we won't be making again that's for sure..

Re-leased to our current tenants yesterday for $400 a week (down from $480) for 6 months. Paid our rates bill last week (close to 2700) and insurance to come - ouchie!! Ems

We've been advised by our PM to lower our rent from 480 to 380 otherwise she believes the tenants will move on to somewhere else, due to lowering rents they have many choices. They are looking after the place well and are good tenants so we will agree. This house has DA for a 4 townhouse...

Our 3 bed 1940's house is still rented for $480 a week and once the lease runs out I believe we will need to lower the rent (advice from our PM) We've just received DA to build 4 townhouses on this block after a 18 month battle with council. Due to the state of the market and having spoken...

Good to see :) Ems

Yes Pete you are correct! We have decided to stay with the development as well. They have said they aim to start construction in November so fingers crossed this happens and we have an appreciated unit at the end of it! The increase in price was minimal, it's just the lost time that we could...

Has anyone had any problems with off the plan purchases in Gladstone recently?? We purchased a unit back in November 2010 with a completion date forecast for December 2012. Due to an increase in construction costs we have had to renegotiate an increased purchase price with a start date now...

We rented our 3 bed house out recently on Toolooa Street! Due to a cockup with the agent the property wasn't put on the website for a good few weeks and we were wondering why we had no interest. After the mishap had been rectified we rented the place pretty quickly for $450 a week. Rented from...

Sam, Yes we finally found a tenant last week paying $450 a week. The agent said to advertise at $480 but we had no applications at this price so lowered it down to $450. We approved a family of 5 last week and they are due to move in this week. Ems

The Gladstone market seems to have slowed these pasts few months. We have a 3 bedroom house up for rent close to CBD and it's been on the market for a month with no takers. We are thinking of lowering the rent to get a tenant in.

It's with Ray White. I have asked them why it's not on re.com.au and they thought it was. After checking their end there seems to be a server error and it's not appearing. They assure me it will be rectified asap. Having just looked it now appears on there...

We have a 3 bedroom house on Toolooa Street that has been rented from November for $450 a week. The tenants have given us notice to leave. Our agent has been advertising the property for the past three weeks and has said there's been no interest and that the Gladstone market has slowed. She...

Glad you found a place! :-) Our tenants gave 2 weeks notice today, they have only been there for 4 months so time to get searching again. Hopefully we can find someone to carry on from when they move out. Ems

We have just received contact from our PM asking for the approval to give the go ahead to renew the lease for our tenants. The lease is up mid May and they want to keep the rent at the current rate of $450 a week. The property is a 3 bedroom house, built in the 1940's but has been renovated...

Just had a lease renewal for our 3 bed house. The agent has suggested we go for $480 from $380 now. Nice!!! Ems

We purchased a 3 bedroom 1940 house back in January on a 1000sq block in the CBD. We did a quick reno and it is rented for $380 a week. The lease runs out in October so hopefully we can increase then. We would like to build units on the block one day but can't see that happening for a good few...