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For investing you would be looking at the city centre, west/south gladstone, barney point and perhaps clinton. Tannum Sands is their most expensive suburb.
As a second option you may consider Kin Kora, New Auckland, Sun Valley etc
and more importantly the bridge!
Why do you consider Kin Kora, New Auckland and Sun Valley as a second option?
Of all the suburbs of Gladstone, those 3 are the closest to the main "Centro" shopping centre of Kin Kora and are well serviced by public transport.
All 3 have primary schools, medical centres and child care centres with in close proximity.
While South Gladstone and Barney Point have seen impressive growth over the last 5 years, they are the closest to the industrial plant of QAL.
Just some thoughts. Interested to hear your reasoning.
Cheers
Rooster
Hi guys. Grew up in Gladstone and its where all my investments lie. A few stats of my IP's.
-3 Bedroom Brick in Clinton - Value = 235k, Rents @ 220/week
-4 Bedroom Queenslander - Value = 245k, Rents @ 235/week
-3 Bedroom Fibro in Barney Point - Value = 190k, Rents @ 190/week
-Duplexes in West Gladstone (fibro/highset) Value = 300k(combined) Rents @190/200 a side.
Property manager has informed that all leases should rise between 20 and 30 dollars per house buy xmas/mew year when leases come up for renewal.
Gladstone seems to cop a bit of a bad rap with regards to pollution. I guess it is inevitable with so much industry in town, but i do personally believe it is slightly overstated sometimes.
Just my thoughts. Hope the figures shed some light on Gladstone's possibilities.
Cheers
Rooster
The recent decision by Rio Tinto to hand back over 300 of the properties they had leased has inflated the vacancy rate substantially.
There is a lot more competition for landlords to secure tenants.
From a personal perspective, i have had to drop the rent on one property by $40 week (13%) just to generate some interest.
I don't doubt that Gladstone property will be on the move up again, it's just a question of when construction either starts or continues on the various projects outlined for the region.
Rooster
It was bad -2009
It is attractive -2011
What about future (after 2015!!)
Is this sustainable growth?
Here is the answer
http://www.somersoft.com/forums/showthread.php?t=72218