Hi Nick,
Being located in the Gladstone area I can say I'm confident that there will be a resurgence in rental prices here as the three major projects here are yet to really ramp up, the QCLNG plant is yet to reach peak employment and it is the site that has progressed the furthest.
Although quite a lot of the workforce will be FIFO the camp on this site is almost at full capacity so the rest of the new members of the workforce need somewhere to live if they weren't already local.
Gladstone market is died nearly and there is no sign of recovery for at least another 5 year. This is my experience. My IP is with 7% rent with Construction Company and lease will go for another 18 months but trust me even with 30K loss I could not find anyone in Gladstone who is confident to sell this property now. Not only with Vantage , my work mates having same issues with other premier estates like little creek and emmadale. They could not get the tenants for weeks. I wish to forget about this IP for another few years.
Now I would like someone here to suggest me on Darwin IP. That looks really promising