Property

Taking advantage of Gladstone's property boom

Aerial View of Yaralla Sports Club with Barney Point in the background.
Aerial View of Yaralla Sports Club with Barney Point in the background. Brenda Strong

THE Gladstone boom has seen immense changes over the past year - especially in property.

Along with the influx of new arrivals has come an influx of housing, so what does this mean for property investors?

Gladstone home-owners Trevor and Hollie Hall are leasing their investment property with Bechtel.

The couple built their property about 18 months ago.

Both born and bred in Gladstone, the couple said at the time they were building and looking at options, Bechtel agreed to take on the lease as soon as construction was completed.

"This meant we didn't have any of the worries about it being vacant or not receiving rent for it," Mrs Hall said.

When asked if they believed this was a more secure option Mrs Hall said: "For us, it's worked well and we've been lucky to secure long-term leases."

Mrs Hall said they are happy with the return on the property and she believed Gladstone was the best place to invest in Queensland at present.

The couple's new investment home is located close to schools and shops.

"It's in a decent area so hopefully even when the market does die down a bit, it will still be in demand," Mrs Hall said.

She said it is a real possibility the influx of people moving to Gladstone would die off.

"But I don't think we'll have to worry about that for awhile yet."

It's in a decent area so hopefully even when the market does die down a bit, it will still be in demand

Gladstone Re/Max Gold property manager Cyndi Ward said the agency had a lot of rental applications from out of town people.

"But the town and investors have worked hard to meet the demand of investors," she said.

"In my opinion, since about May and June last year, while the amount of people coming to town has been strong, we have had more supply available to them.

"Whereas prior to that it was having an impact on renters negatively."

But is the current influx of housing positive or negative?

"I guess it depends on which side of the fence you are on," Ms Ward answered.

"The whole market is balanced by supply and demand.

"The market is now able to keep up with demand."

For property investors Ms Ward said this could be tricky.

"It depends on the amount of people coming to town over the next period of time. Investors need to research the market to see what the demand is likely to be."

From a home-owner's perspective, Ms Ward said if the market did offer more competition, the best thing an owner could do is make their property more attractive.

"The air-conditioned properties do rent quicker," she said.

According to Australian Property Monitors, the highest price paid for a Gladstone house or unit in the past 12 months was $1,550,000. The lowest was $97,000.

In comparison, the highest price paid for a Rockhampton house or unit was $1,400,000 and the lowest was $80,000.

Topics:  market property property investment remax gold



LATEST REPORT: Depot asbestos danger 'low'

One measure the contractors are using on the council depot site to combat asbestos contamination.

Fibres in monitors below detection limit

Smart move gives Kellie winning edge in photo comp

AMAZING COLOURS: Kellie Beer's photo of a bluebottle on the sand at Minnie Water beach has been named the winner of The Daily Examiner's 2016-17 I Am Summer photo competition.

Seaside smart phone photo takes the prize

Rates safe from land value hike

DRIVING GROWTH: The Pacific Highway upgrade has been linked to improved land values.

Figures up in latest valuer-general report

Local Partners

Book 'em, kiddo: Sale attracts bumper crowd

Whoever said books were passe would eat those words if they were at the Maclean Bowling Club on Saturday.


Artist program to link to gallery theme

VALUABLE STINT: Indigenous artist Karla Dickens at work in Grafton Regional Gallery's studio during her 2010 artist's residency.

Gallery encouraging indigenous artists to take up residency offer

See the historical heritage horses

OPEN DAY: Enjoy a day out learning or finding your next dream horse from the Guy Fawkes River National Park.

Guy Fawkes Heritage Horse Association Inc. open day.

7 things to do this weekend

The Maclean Rotary Book Sale is on this weekend and always attracts a big crowd of buyers.

Great places to spend some time

Why The Walking Dead cast are paid a pittance

Despite massive ratings the cast haven't been shown the money

50 Shades Dornan on why he hates the film

Dornan and Johnson’s frequent sex scenes were ‘awkward’ to film. Picture: SuppliedSource:Supplied

Jamie Dornan doesn’t blame you for hating 50 Shades

Chris Hemsworth’s X-rated compliment to former co-star

Australian actor Chris Hemsworth poses on the red carpet for the European premiere of the film 'Avengers: Age of Ultron' in London on April 21, 2015.

THOR star once paid former Home and Away actress a lewd compliment.

'I can't keep my mouth shut any longer'

Singer George Michael.

George Michael’s cousin blasts singer’s boyfriend Fadi Fawaz.

Fresh faces: NCIS gets a shake up with new cast members

The new cast of NCIS, from left, Rocky Carroll, Pauley Perrette, Sean Murray, David McCallum, Brian Dietzen, Wilmer Valderrama, Emily Wickersham, Mark Harmon, Duane Henry and Jennifer Esposito.

THREE new characters join naval drama for season 14.

First the Onesie, now an Xbox One S inflatable controller

Fancy an inflatable Xbox One S controller?

Inflatable controller 'perfect sidekick' for Australia Day party

Thousands of jobs part of $1b retirement village project

THIS YEAR: An artist impression of the new Aveo retirement village in Springfield.

Aveo Springfield unveiled this month, homes ready by July

Rates safe from land value hike

DRIVING GROWTH: The Pacific Highway upgrade has been linked to improved land values.

Figures up in latest valuer-general report

KNIFE-EDGE: The housing tightrope we now face

Even the smallest interest rate rise will be hard for some to handle.

One if five home owners at risk, according to new analysis

Historical home leaves family's hands after 75 years

SALE CONFIRMED: The Gympie Regional   Realty team which sold the Ramsey property are (back) Mel Gastigar, Dorothy Palmer and Margaret Cochrane, with (front) home seller Terri-Jayne Ramsey.

Ramsey family played a huge role in Gympie's growth.

Pat Rafter's $18m Coast home proves hot property

PAT'S PAD: The Sunshine Beach home of tennis ace Pat rafter is on the market for a record price.

"It's a record for our company and for the Sunshine Coast.''

Ready to SELL your property?

Post Your Ad Here!