Property

Demand will be strong after LNG construction: developer

DEMAND for accommodation will be strong even after LNG construction winds down on Curtis Island, according to developer of the new 198-room motel set to be built in central Gladstone.

The two-tower motel on Yaroon and Goondoon Sts will take up a block in central Gladstone, after planning approval was granted by Gladstone Regional Council on Tuesday.

Gladstone's economy was built on manufacturing, not mining, said developer, owner and builder Martin Gleeson.

He said these industries were more resilient.

Land developer Walker Gladstone, which is behind the Forest Springs master-planned community in Kin Kora, agrees.

He expects people employed to run and maintain LNG plants will live on the mainland, not in workers' camps.

But the wind-down of the construction phase wouldn't have much of an effect, he said.

"A lot of the people leaving Gladstone never really arrived here," said Walker Corporation's David Small.

"So when they leave, it's not really going to affect the economy."

The property developers' statements follow the release of a report showing Gladstone is supported mainly by manufacturing (22.6% of employment) and construction (17%).

Topics:  business, gladstone property market, lng, real estate




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Gladstone body building power couple eat '8 meals a day'

Source: Win Marsh

WIN Marsh has retaken control of her life after her husband's death

Has Gladstone State High banned free dress days?

Gladstone State High School students taking part in the Capricorn Film Festival film workshop. Photo CFF

Education department sets the record straight on free dress

'Bloke Bonanza' expected to create 'online frenzy'

No Caption

This month’s auction has over 450 lots, larger any previous sales

Latest deals and offers

Bennett, Langer, Thurston and others talk Cam Smith

Broncos and former QLD coach Wayne Bennett.

Broncos and former QLD coach plus past and present players talk about Cameron...

Chanelle Ashanti's ute hit outside work

Chanelle Ashanti couldn't believe a big people mover crashed into her fluro ute this morning.

Chanelle Ashanti's ute hit outside work

Chanelle Ashanti's ute hit outside work

Chanelle Ashanti couldn't believe a big people mover crashed into her fluro ute this morning.

Chanelle Ashanti's ute hit outside work

Own Sunshine Coast property? You’re about to make money

UP AND UP: Property owners are likely to win from rent and price increases but tenants and first home buyers might not be so happy. Photo: Brett Wortman / Sunshine Coast Daily

Good new for property owners, not so good for buyers and tenants.

Gladstone's 10 cheapest houses for sale

ALL of the houses are selling for well under $200,000.