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Between excavating/extracting and delivery to consumer, Gladstone is where the processing and exporting (pipeline/rail to ship) occurs. The excavation and extraction of resources happens hundreds of kilometres away in the Bowen and Surat Basins and near Weipa.
Vacancy rates dropping again... now 5.9% (SQM).
Still not that great but a huge improvement on over 11%!
Another drop to 5.4%. Keep on coming down please!
I wouldn't be game enough to have my properties valued in Gladstone ATM the bank might tell me we owe them some money..
People talk abt ghost towns in China. Australia will have its fair share
I have to say there are a lot of people who will get burned soon if not already by not doing their due dilligence before buying in Gladstone, but to suggest it will become a ghost town is a bit of a stretch.
Gladstone is a town that has been around some 150 years and has a wide variety of industries that existed well before this last boom, and will be around a long time yet with government population growth projections of a 50,000 person increase by 2031.
I'll freely admit there has been a lot of doom and gloom and some are still living in la la land (ie; Boulder Steel) but it is an industrial town with it's ups and downs and there's a good chance it will continue be for a long time to come.
Good point. Ghost houses I should say.
Definitely agree with this, I can't believe houses are still going up!