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Compared with Koongal and Depot Hill, Berserker and Park Avenue are not generally all that bad. They are still a fair way short of The Range or the eastern end of Frenchville though.

And the new cycle begins once again with the new oil refinery announcement: http://www.abc.net.au/news/2015-05-19/plans-for-oil-refinery-in-gladstone/6480980?WT.ac=statenews_qld http://www.gladstoneobserver.com.au/news/community-leaders-give-project-the-thumbs-up/2642943/?ref=hs

Google Maps recent street view update (January 2015) might provide a bit of a clue to all the empty lots still around in the newer parts on the southern fringe of Gladstone.

Yep, all indications I'm seeing and hearing from those still on the ground there is that things have settled down a fair bit now. Still a fair bit of excess land around on the market (or being held on to), but established housing on the improve. Not expecting a boom any time soon, but there...

Unless the hotel groups have transport to and from Kirkwood arranged, I don't think the new housing estates are really a good idea as the only way around is by car, and there are no amenities near nearly all of the new estates. I do think Gladstone is getting close to the bottom now.

P.S. I won't be able to do any on ground reports from Gladstone after this month as I will be leaving Gladstone at the end of the month.

I did a few rounds of the Gladstone region this morning, and noticed a few changes in the supply pattern around Gladstone as of late. Observations below: Gladstone main urban area: The amount of new housing being developed in the main urban area has slowed dramatically in the past 6 months or...

The vacancy rate and rents have stabilised somewhat over the past few months. 4 bedroom houses that were renting for $600-700 pw or higher 2.5 years ago are now renting in the high 300s/low 400s pw at the moment. The most recent vacancy rate quoted for Gladstone is 7.8%, which is lower than...

Yep, it has been rescued from administration and there some EIS work and other things going on in the background. This and the oil refinery project have been talked about for years, although this one at least seems to have some action behind it.

Agree, but need to be aware that prices are likely to fall a little more and might not increase again for a little while. In addition, a lot of the lenders with postcode restrictions on 4680 are refusing to do lends in over 80%. Cash is king.

Already have Yeppoon and Agnes Water/1770 in the region for that sort of thing, and they are more worthwhile for a tourist to visit.

Gladstone is about the last place in Queensland I would choose to visit if I was a tourist. Unless I really wanted to see industry. As it is now, I warn people before they come to visit. This is a view I'm increasingly coming around to, even as others are running away from it.

Tough one to call. Really depends on your personal situation of course and where you might otherwise reinvest. If you think it's better off reinvesting somewhere else, I'd consider selling but you would have to be prepared for the possibility of it sitting on the market for quite a while. I'm...

I actually don't think the layoffs from winding down on the LNG projects will have that much of an impact on the rental markets. A lot of the workers who were previously renting in Gladstone are now based in temporary accommodation, so they have already in effect been removed from the rental...

Some of those larger estates around Kirkwood, Glen Eden and Boyne Island are only partly complete. I know Little Creek Estate in Kirkwood is only half complete, and Riverstone Rise at Boyne has barely completed the first couple of stages (out of some 2900 houses). There is still civil work...

Here's what I've noted on the ground here in Gladstone. There are quite a few distress and massively discounted sales starting to pop up now - an older 3 bedroom house that would have fetched over of $350k 18 months was listed at $290k and sold for $230k recently. There's another townhouse...

Matusik's thoughts in this recent article echo my thoughts and sentiment on Gladstone - plenty of distressed listings and not much competition for buyers: http://matusikmissive.com.au/2014/06/12/gladstone-market-outlook/

It isn't without risks given the high vacancy rates (which could go higher yet once the LNG workforce winds down) and postcode lending restrictions currently applied on 4680, but there are a lot of distressed listings starting to pop up asking massive discounts. Might watch this space for a while.

Time for the contrarians to enter the market soon I think now that the herd has disappeared.

Having a larger block won't make much difference to the rent. Unless it is an executive property, the modern 4 bedders are generally going between $400-450 a week.