Notices
REGION LEADS STATE'S SALES
25 May, 2011
GLADSTONE’S median house price increased 5.1% from $390,000 to $415,000 over the March quarter, according to the Real Estate Industry of Queensland.
“The top-performing major region across the state was Gladstone, which has continued its strong run due to the development of LNG in its region,” the quarterly report states.
REIQ Gladstone zone chair Mark Spearing said the region was at the heart of Queensland’s next resources boom.
“Activity over the quarter was robust with the growth of LNG in our region really attracting homebuyers and investors over the quarter,” he said.
“Gladstone is ideally positioned for growth as we also have the benefit of our rail infrastructure as well as the global transport opportunities presented by the port, which is good for our region, for Queensland and for Australia.”
Mr Spearing said there was strong demand from buyers across the board over the quarter including from current and prospective mine workers.
“We are also seeing a lot of activity from investors, as always happens in a resources-driven market,” he said.
Mr Spearing said he expected the Gladstone property market to post equally healthy results for the June quarter.
Raine and Horne Gladstone managing director Mark Patton told The Observer the Gladstone property market has continued to grow from strength to strength for the past six months.
“Part of that I would suggest is the beginning of a revitalised market because generally Queensland’s market is quite flat and I would like to think that Gladstone is going to lead the state out of the current real estate doldrums,” Mr Patton said.
“Obviously the demand for purchases far exceeds the product that is on the shelf at present and consequently we are seeing multiple offers on properties and you always have disappointed buyers in those types of situations.”
REIQ March quarter figures 2011
Gladstone $415,000
Barney Point $N/A
Boyne Island $447,500
Calliope $415,000
Clinton $408,000
Glen Eden $455,000
Kin Kora $406,500
New Auckland $433,500
South Gladstone $374,500
Sun Valley $ 379,000
Tannum Sands $476,000
Telina $392,000
Toolooa $N/A
West Gladstone $395,000
Source: The Gladstone Observer - 24 May 2011
http://www.gladstoneobserver.com.au
GLADSTONE - TOP 20 PLACES TO INVEST
30 Mar, 2011
GLADSTONE has been named as one of the top 20 locations in Australia for investment in infrastructure and one of the top 12 mining boom towns.
The Australian Property Investor (API) magazine picked Gladstone because of the significant infrastructure projects totalling $65 billion and expected population growth expected over the next few years.
The magazine report considered Gladstone to be building more infrastructure than Sydney and conceded NSW generally was overwhelmed by the development activity in Queensland.
Using research by web-based investment adviser Terry Ryder, API said one of Gladstone’s biggest advantages was the development of the liquefied natural gas industry from Gladstone to the Surat Basin.
Mr Ryder said a city needed a mix of big projects if it was to attract the wider property investor’s dollar.
“Roads, rail links, bridges or the upgrading of one of those things really can revolutionise the appeal of a location by making it more accessible and it can also improve the amenity of a place,” Mr Ryder said.
Mr Ryder said medical and educational infrastructure was increasing in importance to real estate investors and large projects may not offer long-term employment after construction was complete.
“On the other hand, medical or educational developments increased the value of real estate that accommodated workers in these sectors.”
“There are always risks associated with any mining town and some have greater benefits than others, however, in many cases; rental yields can be attractive, turning any coal or gas deal into investment gold.”
Source: The Observer - 30 March 2011
www.gladstoneobserver.com.au
Gladstone's house prices soar
16 Jun, 2010
GLADSTONE home-owners are smiling this morning with housing figures indicating that Gladstone was the only area in the state to record price increases.
The REIQ's March quarter 2010 report found preliminary sales numbers increased as demand for affordable stock by first home buyers decreased.
While preliminary sales activity increased slightly over the March quarter, agents across the state are now reporting less demand from buyers.
However, over the March quarter, the Gladstone region posted the strongest result with a median house price increase of 7.9 per cent to $383,000.
Brisbane's median house price remained flat at $535,000 during the March quarter, as did the Gold Coast on $510,000. The Sunshine Coast posted a small 1.1 per cent rise to $480,000.
REIQ Gladstone zone chair Mark Spearing said the March quarter had been a strong period for the region.
“Inquiry was extremely strong during the quarter, particularly from investors from all over Australia,” he said.
“As word gets around about the sheer size of the LNG projects, and the corresponding growth projections, then Gladstone really must be on the radar of all property investors.”
Gladstone local Aliska Bierman has only recently bought an apartment in Gladstone and said she wanted a property that she could turn into an investment.
“I really wanted to buy my own property in Gladstone because I have seen how it has grown over the last few years and especially when the new industries are coming to town,” Ms Bierman said.
“Gladstone just seems to be a hub area.”
Source: The Gladstone Observer - 11 June 2010
Website: www.gladstoneobserver.com.au
Approval for Shops Given
03 Jun, 2010
More shopping choices will be available to Gladstone residents with a new shopping centre approved on Tuesday.
The multi-million dollar development, which was approved by Gladstone Regional Council, will be built at the Forest Springs Estate, on the corner of Kirkwood Drive and future extension of Dixon Drive.
Woolworths spokesman Benedict Brook said there was still a few planning matters to be finalised. However, Woolworths expected the centre to be operational by mid to late 2011.
“This is a positive development towards the aim of providing the Telina community and the new Forest Springs community with convenient access to retailers, fresh food and fuel,” he said.
Mr Brook said the centre would include a 3,200 square metre Woolworths supermarket, about 14 specialty shops, two food outlets, a Woolworths petrol station and 297 car parking spaces.
The original application included a licensed premises and gaming premises (tavern), which have now been excluded. The area that was proposed for the tavern has been left vacant for anticipated for future development.
It was expected the development would create over 150 jobs during construction and operation phases, with the supermarket expected to employ about 100 people.
Operational works approvals for 111 of the 179 lots for the Forest Spring residential component have been issued, including the construction of a bridge connecting the development with Dixon Drive to the north of Auckland/Police Creek.
Sourced: The Gladstone Observer – Thursday, June 3, 2010
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01 Jun, 2010
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