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I find it funny every time I go down to Calliope now - it's like a small town that tries to present as a place that is much bigger than it really is. Not only is the amount of new housing down there overkill, but so too is the new infrastructure that has recently been built. The largest...

Yields are in the 4-5% range at the moment, come down from the 6-7%+ that was typical 2-3 years ago. It'd be lower than that based off purchase price for those who bought around the peak in 2012.

I think you'll have more luck marketing to target owner occupiers rather than investors in the Gladstone market at the moment as they are more active in the current declining market. Having tenants in the property may affect the ability to be able to do that. In any case, discuss your options...

As I have said to others, do consider that even at a reduced price, your property in Gladstone might sit on the market for quite a few months before it sells. May want to consider a marketing strategy.

Gladstone definitely is not well represented by what has happened across Australia in the last 5 years - it went up when most places were on the decline, and now that other places are on the rise it is now declining.