Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of BNMBNM
    Participant
    @bnm
    Join Date: 2010
    Post Count: 1

    Hi there,

    I am intrested in diversifying my investment into regional centres. Wondering if anyone has tips on investing in gladstone?

    Thanks in advance!

    BNM

    mattnz
    Participant
    @mattnz
    Join Date: 2007
    Post Count: 574

    I would love to hear any also. I plan for my next purchase to be there.

    Profile photo of foxyleemoofoxyleemoo
    Member
    @foxyleemoo
    Join Date: 2010
    Post Count: 3

    Hi,
    Me too.  I'd love to know what are the best areas/best new estates.

    mattnz
    Participant
    @mattnz
    Join Date: 2007
    Post Count: 574

    I have just purchased a house in South Gladstone on an 868 sqm corner block, zoned high density residential. Looking at eventually (when I have enough capital behind me) moving the house to another property and putting 6 units up.

    Gladstone is my number one pick in Australia for capital growth, given the huge investments going on there in the next few years (approx $40 billion) and an estimated required workforce of an extra 10,000 jobs over the next 4 years during the construction phase (in a city of only 40,000).

    I see it as the next Port Hedland (where prices are $1M+) and that huge capital growth is assured in the next 5 years.

    One thing to watch out for though is termites, (totally foreign to me being from NZ). Talking with the building inspector, he advised that they would find termite activity in 2 out of 3 houses in Gladstone. Definitely get an inspection done and make sure that you have appropriate chemical barrier protection in place to avoid issues in the future.

    Profile photo of DDDD
    Member
    @dd
    Join Date: 2004
    Post Count: 508

    When I was shouting Gladstone 2 years ago several of my clients did jump in and secure property all between $100k and $130k for 2 bedroom units. I havent seen any cashflow positive there for sometime, but its always nice that my clients have all experienced $100k plus cap gains profit from each of these deals.

    As the new estates are all filling up, there may now be a few bargains as that market has been quiet for a while. Good Luck everyone. Happy Hunting

    DD

    Profile photo of rja2439rja2439
    Member
    @rja2439
    Join Date: 2008
    Post Count: 1

    Hey guys, here's a good solid article about Gladstone I thought might help you…

    http://www.sahben.com.au/files/Gladstone_Article.pdf

    Cheers
    Rob

    Profile photo of fingerscrossedfingerscrossed
    Participant
    @fingerscrossed
    Join Date: 2005
    Post Count: 81

    Thanx for that Rob,

    but the link is telling me that access is denied

    cheers

    Profile photo of pwinnepwinne
    Member
    @pwinne
    Join Date: 2006
    Post Count: 81
    Profile photo of InvestwellInvestwell
    Participant
    @investwell
    Join Date: 2010
    Post Count: 13

    Here are some great articles and videos on the Gladstone Investment Market and the area in general.

    http://www.investmenthotspots.com.au

    Click on Queensland then Gladstone…

    Good Luck

    Investwell

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