I spent last Sunday agonising over whether to buy or not, given that i know from my work the week before that Rio, for example, is renewing their leases at the same rental as the previous six months. I can also see on the net that rentals are offered at lower rates than they have been in the past when those guys at NAB abd API wrote their reports.
However sitting down reading that six page document about all the projects for Gladstone, and the expected numbers of construction workers, will show how many workers are required in the next couple of years. Now I challenge anyone who is concerned to make a list and do the maths.
Start with 14000 for currently underway projects. Deduct the 1350 from Yarwun. Deduct 6000. Add 2000 new residences. Add another 3000 for stalled projects. There are 5000 for pending projects. I didnt count workers on projects closer to Rocky or the railway out west.
As some projects complete, their workmen would move on to other projects or go back home. Is there stilll a net figure? This is up until 2017.