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




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The improvement would be mild when compared to past cycles