Gladstone QLD - How is it Going????
- Thread starter charlieandkath
- Start date
The difference between you and I, and there are plenty, is that I'm in it for the long haul.
You're in it for 3 years....you're are a speculator.
You bought new, in an inferior estate with smaller block sizes and you now need an early exit. You have some pain coming your way and some expensive lessons.
Rooster
You launched this tirade back in June 2011 -
http://somersoft.com/forums/showthread.php?p=806316#post806316
You then contradicted your own post, bought a brand new house in a new development away from the city centre, and now want to sell for the very reasons outlined in your post.
I wonder sometimes how much research and planning people actually put into investing a sum of money this size.
Rooster
http://somersoft.com/forums/showthread.php?p=806316#post806316
You then contradicted your own post, bought a brand new house in a new development away from the city centre, and now want to sell for the very reasons outlined in your post.
I wonder sometimes how much research and planning people actually put into investing a sum of money this size.
Rooster
Sorry Sam but i think you
A- got in at the wrong price and
B- secured the wrong price for ur property 670$ for 2 years is well below! you should have waited?? bechtel offered me 650$ for mine and it was a 3x3 townhouse 3 weeks later it was secured for 700$ and the property was 390k.
Your fear is possibly clouding your vision have you done some research on the upcoming projects??
A- got in at the wrong price and
B- secured the wrong price for ur property 670$ for 2 years is well below! you should have waited?? bechtel offered me 650$ for mine and it was a 3x3 townhouse 3 weeks later it was secured for 700$ and the property was 390k.
Your fear is possibly clouding your vision have you done some research on the upcoming projects??
I indicated market will decline after 2014 , but never said not to buy in Gladstone , did you see below words in same post
“Definitely Gladstone deserves the good short term benefit but loner term is big ???
At the same time, it is very hard to ignore the place getting such a massive scale of investment
When today`s property comes market after 4 years , there will be Off the plan sold for same price in new developing Areas , so people will have choices “
same answer for why I wanted to sell it before 2014 , you can very well say speculator or something else , I do have one more IP in very sustainable place and it can go for decades
Hi
I actually wanted to know but could not get the clear status of ongoing LNG projects, all 3 major projects has started way back , but I don’t know what level they are up to , how many workers are mobilized so far?
if anyone know please share it here
Question to Mattnz , Rooster and whoever knows the Gladstone market very well
At the moment , I do not expect even 1$ profit from this investment , but I wish to get back the same money I invested last year. Is this possible ? if yes how long it might take and do I need to consider any other alternates like furnishing !! Current rental will go up to Sep 2013
I am really looking for the way-out
At the moment , I do not expect even 1$ profit from this investment , but I wish to get back the same money I invested last year. Is this possible ? if yes how long it might take and do I need to consider any other alternates like furnishing !! Current rental will go up to Sep 2013
I am really looking for the way-out
I think your best chance to break even is to wait until your lease expires, furnish, re-lease at higher rent and sell based on a high yield.
It really depends on the rental market at the time for furnished 4x2s. Typically corporates are looking for more bathrooms as corporate rentals.
I was up in Gladstone on Monday - at the tail end of a fishing trip. We had a bit of time up our sleeves and did a circuit of the harbour. Boy, there is a lot going on. Most of the north side of the harbour is a building site.
Saw lots of boats ferrying blokes over there. I made the comment that it must be an annoying expense having to do that. Our skipper then pointed out all the accomodation that is being built out there - lots of two storey 'dongas' going in. Though he said the sand flies drive people mad. I'm guessing the 'dongas' are for the workers, while the managers will rent in town.
I felt a bit left out in Gladstone not wearing a flouro vest.
Saw lots of boats ferrying blokes over there. I made the comment that it must be an annoying expense having to do that. Our skipper then pointed out all the accomodation that is being built out there - lots of two storey 'dongas' going in. Though he said the sand flies drive people mad. I'm guessing the 'dongas' are for the workers, while the managers will rent in town.
I felt a bit left out in Gladstone not wearing a flouro vest.
Hi Sam hope it's not one of the those cut price builds.. http://m.gladstoneobserver.com.au/news/builder-slams-cut-price builds/
Apparently there are a few problems with the new quick builds going up around town like cars in carports falling through slabs? I don't know of any myself however just wondering what these houses will be like a few years down the track? Cracking walls, etc.
Apparently there are a few problems with the new quick builds going up around town like cars in carports falling through slabs? I don't know of any myself however just wondering what these houses will be like a few years down the track? Cracking walls, etc.
Yes, there's a lot of sand flies out on Curtis Island! It's a pretty crazy sight as you drive into Gladstone from the Rockhampton/Mount Larcom direction along Port Curtis Way... huge construction sites (WICET and the LNG plants all visible from the road). It has to be one of the few places where it is perfectly acceptable to be wearing PPE around in the office.
Hi
So we have 12,000 workers in Gladdy already and maximum of another 4000 might be added before it starts to decrease ?
I found the comments below the article very helpful about sourcing supplies in Rocky and Bberg.
Sam, haven't you read this entire thread? Go back to June or July and you will find a link to the CQU document I used to do my research into construction workers. That graph probably came from it. While the LNG companies are delaying operations, it will extend the timeframes further out.
This reflects committed and expected projects from over a year ago and is only construction workforce, not operational. The steel plant alone will have an operational workforce of 1800 and across all projects I have estimated 5,000 additional permanent jobs. In modelling done by CQU professor John Rolfe, he anticipates that for each job in industry, a further 2.8 jobs are created (teachers, accountants, retail etc). That would create a total of 19,000 additional permanent jobs in Gladstone. Add in children and non-working partners and that is a huge population increase in the next few years.
In 14 months since this graph was created additional projects have been announced:
1. Gas powerplant, 1000 more construction jobs on a $1.8 billion project http://www.gladstoneobserver.com.au/news/gas-power-plant-track/1377731/
2. Stocklands extension http://www.gladstoneobserver.com.au/news/more-space-shopping/1529797/
3. 2nd channel in Gladstone Harbour $400 million http://www.gladstoneobserver.com.au/news/new-channel-planned-gladstone/1558694/
4. 3TL coal terminal, $2.2 billion project
http://statements.qld.gov.au/Statement/Id/79287
5. Devine development $1.4 billion project
http://www.couriermail.com.au/reale...ide-of-inquiries/story-e6frequ6-1226346822368
There are also additional LNG trains that are likely to be added that aren't included in the graph.
As others have mentioned, many projects have been delayed and some aren't starting until 2014, so the curve is much flatter. In the next few years expect several more projects and extensions to be announced in Gladstone. Just think back 5 years and how much things have changed in that timeframe. Most of the workers on that graph wouldn't have been considered.
Also there is alot of temporary accommodation for the construction workforce. When the major LNG projects do finish all of their construction in a decade or so, the accommodation is removed (as required in the EIS), so there won't be a glut.
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I don't know if there is a newer graph out as this is over 12 months old. But some of these projects, especially Boulder Steel and Arrow have only just put their EIS statements in. This means they are 18 months away from starting and this graph has them already started. Some of the other projects haven't even got this far.
What I can see happening is the work force staying steady for they next 3-5yrs rather than the huge spike that was predicted.
Some of the companies behind a number of the upcoming projects have outright said that they were willing to delay the starts to their projects if it meant easier sourcing of workers and less stress on accommodation. The jobs aren't magically being filled, and certainly companies like Bechtel are struggling to find the workers for the already started projects.
Sorry Mattnz but the first link did not work for me. was it this -
http://www.gladstoneobserver.com.au/news/gas-power-plant-track/1377731/
While these projects may be years away, hopefully some come to fruition otherwise there will be a massive over supply of housing when the projects that have already started finish.
6 or 12 month lease
Did you take a 6 or 12 month lease on these matt?
I did a drive by on these townhouses, the end product looks good.
Did you take a 6 or 12 month lease on these matt?
I did a drive by on these townhouses, the end product looks good.
