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gladstone future

Discussion in 'General Property Chat' started by the world is your oyster, 8th Jan, 2016.

  1. the world is your oyster

    the world is your oyster Well-Known Member

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    hi guys and girls

    who has any solid evidence that Gladstone will preform in the future ?
    it has had a massive fall in value iam sure many are aware but what really lies ahead I ask?
     
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  2. Angel

    Angel Well-Known Member

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    Nah - forget it.
     
  3. bob shovel

    bob shovel Well-Known Member

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    It can't drop any more can it. Only way is up... But when is the question
     
  4. Angel

    Angel Well-Known Member

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    The only thing going up in Gladstone is the vacancy rate.
     
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  5. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Mining towns are a form of gambling IMO unless you are on the ground, and even then!
    If you have to ask the question, you are not on the ball and just let it go.
     
  6. bob shovel

    bob shovel Well-Known Member

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    Lucky Gladstone isn't a mining town then :cool:
     
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  7. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    I admit I have not looked into it specifically so cannot comment on other industries it is supported by, but I have always read it was mainly a mining based economy?
    Perhaps I was wrong! I'm which case, my previous comment can be ignored regarding Gladstone!
     
  8. bob shovel

    bob shovel Well-Known Member

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    @Ouga it's not a "mining town " but has behaved similar. It does export buckets loads of coal or of the Port.it also has other industry, alumina refinery and orica plus other ones. The recent boom was gas construction.. Numbers like $10b were thrown around for the Central qld area. Have a google of Curtis Island for more.
    One thing they do reasonably well is put money back into the town... Mostly to keep families and workers there. Gladstone ports spent mega dollars redoing a section of the water front and Marina. Playgrounds, water play etc
     
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  9. HUGH72

    HUGH72 Well-Known Member

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    Poor old Gladstone, it had everything going for it until developers and the council ruined the market for everyone.
     
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  10. bob shovel

    bob shovel Well-Known Member

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    But they did need to accommodate so many thousand workers, I do wonder if it was up the chain to state gov saying build for the projects and knowing there will be pain at the end but the investors will wear that.
    Council and Gladstone is a boom and bust town, locals had seen it before but council were raking in the cash and may not have had the brains and listened to the oldies to plan better.
    I was working for council there last year and there was big culls going on to reduce staff numbers, it was disgusting what they were doing, bullying and harassment to either force people out or get them to "final warning " skipping 1 and 2!
     
  11. Kangaroo

    Kangaroo Well-Known Member

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    So it happend before ? when was the last time and what caused it ? It is interesting !
     
  12. bob shovel

    bob shovel Well-Known Member

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    Industry that's started up before. The construction phase brings the workers and plenty of money to town and these plants aren't small. And like all good construction jobs they had to be finished yesterday! Once it moves to production the spending drops along with the labour needed
     
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  13. bob shovel

    bob shovel Well-Known Member

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    Gladstone people keep an eye out for the stockland upgrade $160m. And also council and the community starting to talk about the CBD getting some life back into it
    Is decade old plan to jumpstart CBD outdated?

    Stockland are being offered a discount from council to give the go ahead by march.

    Also Aldi is set to build too. I believe the land has been purchased.

    Some positives there @Angel
     
  14. Jenko

    Jenko Active Member

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    Aldi to start construction in March
    Aldi is said to start construction in March and still waiting on hearing about the stockland expansion, the council did offer a discount on fees if they started construction before the end of March.. Fingers crossed it goes ahead not only for well needed jobs for our town but for the on going benefits it will bring to Gladstone's livability. I would of thought we would of heard something by now if it was going to be started in a couple of months.
     
  15. Angel

    Angel Well-Known Member

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    What use is another shopping centre when the population is falling so much?
     
  16. bob shovel

    bob shovel Well-Known Member

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    A lot of people do a monthly shop or regularly go to rocky. This is also the case for surrounding towns. We lived in Biloela and would go to rocky over glad even though it's an extra 45min (from memory).
    That was pre boom. So more variety and competition is good for gladdy
     
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  17. Jenko

    Jenko Active Member

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    How far has the (real) population dropped? The Curtis island / construction work force is dropping off however they were never going to stay. I would of thought the population would be steady or slightly growing. There has been thousands of houses build ( way too many) but there wouldnt be thousands of houses vacant maybe a few hundred. The local shopping centers are packed on weekends so much so that I don't shop on weekends. A big difference in the 7 or so years I have been here.
     
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  18. Tyler Durden

    Tyler Durden Well-Known Member

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    I think the rental market in Gladstone would be looking a lot healthier if there were only a few hundred sitting vacant, that number is probably closer to 1000 at the moment.

    SQM Research - Residential Vacancy Rates

    I don't think the longterm locals are complaining at all though, they get their town back with the addition of affordable housing, some infrastructure and parks/recreation upgrades and another source of full-time employment in Curtis Island. Life will definitely go on for Gladstone now that the land grab and speculative RE casino has left town.

     
    Last edited: 19th Jan, 2016
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  19. bob shovel

    bob shovel Well-Known Member

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