QLD gladstone future

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?

 

Nah - forget it.

 

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

 

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

 

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.

 

Lucky Gladstone isn't a mining town then

 

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!

 

@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

 

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

 

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!

 

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

 

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

 

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

 

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.

 

What use is another shopping centre when the population is falling so much?

 

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

 

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.

 

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.

 

@Ems @Jenko

 

This might interest some people - from a local RE Agent in Gladstone.





Thu, 25th May 2017


Dear David


What's ahead for Gladstone!


The State Government forecasts the Gladstone region population to grow by 51% to 106,000 over the next 20 years. The projected growth rate is 30% faster than the state average. This will require an additional 750 units of housing per year for each of the next twenty years. In 2016, less than 100 new housing unit approvals were issued by Gladstone Regional Council. The current surplus of housing will be absorbed by organic population growth within 6 months.

At present, the Gladstone economy is over-represented in jobs in the manufacturing sector and under-represented in jobs in the healthcare and social assistance sector and the retail sector.

The number of jobs in manufacturing is double the state average. These manufacturing and other primary sector jobs form the platform for the economy and in Gladstone’s case, the number of these primary sector jobs is sufficient for a population more than 30% larger than Gladstone. As a result, we don’t need more major industry jobs for the economy to continue to grow for the next 15 years.

Growth will come from the sectors that are under-represented. The health care sector is the largest and fastest growing sector in the economy, but not in Gladstone. In Gladstone, the sector is the sixth largest sector, short by more than 1300 jobs. On a per capita basis, Gladstone has the smallest number of jobs in the health care sector of any major urban centre in Queensland. A number of key projects are in the planning stages (Gladstone Hospital, Mercy Health and Aged Care, Phillip Street community precinct, Churches of Christ Aged Care etc) and these will form the basis for ongoing growth in the sector. Our growing and ageing population will require an additional 1700 in this sector in the next twenty years.

We are currently short more than 500 jobs in the retail sector which is the second largest sector in the national economy. The Stockland expansion will satisfy the current shortfall, but our growing population will require an additional 950 retail jobs in the next twenty years.



Major projects planned in the foreseeable future.

$1.6 billion Casper Oil refinery to commence in 6 years.

$80 million Fuel storage (stage 1 of Casper to commence within 12 months)

$950 million Pacificus Tourism project at Hummock Hill Island (30 year project commencing in the short term)

$150 million Stockland upgrade

$100 million Turtle Street resort Curtis Island



Other

State Government biofuels hub including northern oil.

QER Kerogen oil project



Stuart Randle

Ex CEO Gladstone Regional Council