BNMParticipant@bnmJoin Date: 2010Post Count: 1
I am intrested in diversifying my investment into regional centres. Wondering if anyone has tips on investing in gladstone?
Thanks in advance!
BNMmattnzParticipant@mattnzJoin Date: 2007Post Count: 573
I would love to hear any also. I plan for my next purchase to be there.foxyleemooMember@foxyleemooJoin Date: 2010Post Count: 3
Me too. I'd love to know what are the best areas/best new estates.mattnzParticipant@mattnzJoin Date: 2007Post Count: 573
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.DDMember@ddJoin Date: 2004Post 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
DDrja2439Member@rja2439Join Date: 2008Post Count: 1fingerscrossedParticipant@fingerscrossedJoin Date: 2005Post Count: 81
Thanx for that Rob,
but the link is telling me that access is denied
cheerspwinneMember@pwinneJoin Date: 2006Post Count: 81
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