QLD Gladstone warming up

Where are you looking propertywise, Strongmoney ? Btw, I love your blog and am a Boglehead fan.

 

I still believe that Gladstone has many positive factors. But I cant forget being a long-distance landlord. When we have a problem in a local suburb, we can check on the facts/PM. But not that far away. Plus those tropical summer storms.......ggrrrrrrr

 

Yes, being a long distance landlord is a problem. Even going to inspect the property is a barrier in the first place, so I probably will miss out.
What happens with the Sydney and Melbourne investors will be interesting. I wonder what their average holding period would be if things head gradually lower again.
Or alternatively, I could be completely wrong and it may have bottomed.

 

In Victoria still but quite regional. Theres been a big ripple happening for a couple of years now whilst majority of Melbourne has started to slow down
Haha not me. Had not heard of it until someone else on here pointed it out

if I wasnt looking in Vic, I would be considering Perth or regional Qld - Cairns , Townsville - I think Brisbane is ok for long term but i reckon in most areas if you jump in now you might have missed a lot of growth. Strange market and bargains do pop up so worth watching

Adelaide could be worth a look as it always is. Its seems to be the most steady market in Aus

 

The positive fundamental for this place is that its a coastal town in QLD.

So cheap prices and great lifestyle with a tinnie and 8hp outboard

 

oops I just saw the local paper the headline Man Pinned Against Tree By Ride-On Mower.

Ok so admittedly its no Sydney or Melbourne for news stories

 

Are the fish safe to eat yet?

 

.... if you go out far enough

 

Last time we went there, we spent a delightful four days on Heron Island first, and three days at Agnes Waters before that.

 

Looks like the bust is over.

 

Well not fully agreeing with you. There are always some it will suit.
I am the victim of late life divorce and smashed my financial position. Gladstone offers a chance for us to buy a decent home for a low price.
I think Gladstone is at the bottom end of its cycle and it can only rise from here but it will be a slow process. But for me there is real value and we will take our time to find a decent area and look for a bargain.

 

My post primarily refers to buying in Gladstone as an IP, not ppor. I also said it may suit some investors.

 

Yeah...I think it has bottomed and due to location and pop....cant be too terrible.

Lot of people on this forum are fridgid on anything outside East cap cities.....

 

1000 new jobs

QLD's $1bn Gladstone Energy and Ammonia project to create 1000 jobs

Just had a nice jump in rent from $165 to $200. Cheapest i see in west gladstone there is one @ $180, all the rest are $190+ per week.

Houses For Rent with 3 bedrooms in West Gladstone, QLD 4680 (Page 1) - realestate.com.au

 

Not mine but this would rent out for 190-200

7 Ward Close, South Gladstone, Qld 4680

 

Mine from 120pw to 155, first positive news in years!

 

Just wondering what people's take is on what is happening in Gladstone? I unfortunately bought in the middle of the last boom. My property has gone from $520,000 to $200,000. Current rent is $277 - a yield of 2.16%. What are other people expecting?

 

I'm in the same boat Crispy, bought 250k now sits around the 80-100k mark. If i could get out at the mid 100k i'd take the loss & move on. Definitely interested also in hearing from anyone on the ground there

 

I live in gladstone and the property market is fairly stable.Build a home in 2017 March for $44000, 4 bedroom 2 bath with a pool.
Was valued at $470000 last year and just did one of those online ones recently and was showing up as $490,000.Dont think ill get that much for it but there definitely seems to be some growth over the last year or so.
Unit prices are slightly up but nothing earth shattering.I tink with Vic and NSW going a bit bonkers with the covid situation,regional markets in QLD will benefit.
We've only had the 1 case so pretty much insulated till date.

 

Thanks for the heads up. Seadogg. What do you think will happen with this upcoming construction? Do you reckon that'll push up rentals a bit?