Property

Gladstone makes list of Dirty Dozen suburbs to avoid

UPDATE: 

IT'S not the first time Gladstone has made Terry Ryder's list The Dirty Dozen. 

In January Mr Ryder pointed out the issue of housing oversupply; but GAPDL CEO, and former real estate agent, Darryl Branthwaite says Gladstone is just going through a "transition phase" off the back of the LNG construction boom. 

Mr Branthwaite said despite the downturn and ailing property market Gladstone had a bright future - and that is positioned around the port, not mining. 

"We've got expanding opportunities in tourism including the cruise ships which will start arriving next year bringing 16,500 visitors here," Mr Branthwaite said. 

"We have had genuinely strong growth and the patterns are showing for the next decade or two we will continue to grow. 

"We are a port city to the world and that's our greatest asset."

While coal and LNG makes up a large portion of goods exported via Gladstone Port, the trend is changing as the port continues to diversify exporting more than 39 different products. 

Last financial year Gladstone Ports Corporation broke its own records when they exported 100 million tonnes of goods - and that number is expected to increase to 140 million tonnes by 2020. 

Gladstone Ports Corporation CEO Craig Doyle said three years ago coal accounted for 70% to 75% of goods moving through the port.

That is expected to drop to 60% over the next three years. 

"Last year we hit a record in container (shipments) too with 11,000 containers moving through the port," Mr Doyle said. 

"So there are growth opportunities there too.

"It's a classic example of the boom and bust cycle. All you have to do is go and look at Gladstone and what it is today compared to five years ago. 

"We have more industry, more jobs - not construction jobs at the moment, but more permanent job opportunities.

"We are an industrial town but we're not focused on just one product.

"Obviously some big ones are heavily linked to mining, but it's not the only trick in our tool bag."  

EARLIER: 

A PROPERTY research firm has declared Gladstone is among the worst places in Australia to buy property right now. 

Hotspotting.com.au, founded by property expert Terry Ryder, put together its annual Price Predictor Index - the 12 worst places to buy right now, otherwise known as The Dirty Dozen. 

Mr Ryder wrote in an article on the Property Observer that the resource sector and mining towns were likely to get worse before they get better.

The list takes into account sales, vacancies and prices to predict future trends for suburbs.

Gladstone is among six resource-related centres to make the list, including Emerald, Moranbah and the Surat Basin. 

How do you feel about Gladstone being named among the Dirty Dozen? Leave your comment below.

THE DIRTY DOZEN:

  • Perth, WA
  • Port Hedland, WA
  • Karratha, WA
  • Newman, WA
  • Kambalda, WA
  • Gladstone, QLD
  • Emerald, QLD
  • Moranbah, QLD
  • Surat Basin, QLD
  • Mount Isa, QLD
  • Mornington, QLD
  • Townview, QLD

Topics:  gladstone, property, real estate




New Gladstone Ports Corporation CEO has been announced

Peter O'Sullivan has been announced as the new chief executive officer of GLadstone Ports Corporation.

The future of Gladstone Ports Corporation is in new hands

'Historic' Curtis Island APLNG voyage to begin contract worth billions

LNG FUKUROKUJU was purpose-built to carry LNG from the APLNG plant at Curtis Island to Kansai Electric in Japan.

MONSTER LNG carrier has departed Curtis Island.

Latest deals and offers

Brian McFadden makes daughters pay for own Christmas gifts

McFadden makes his daughters pay for half their presents

Lady Gaga is a godmother

Lady Gaga has become a godmother to her friends' daughter

Will Turbo be taken off TV?

Memes about Turbo are flowing on Social media.

PEOPLE want Turbo taken off TV, but will Prospero Productions the ma

Police charge in after Lohan claims fiance tried to kill her

"You tried to kill me. You're a f*****g psycho".

Prince Harry regrets not talking about Diana's death

Diana, Princess of Wales, enjoys a ride on the Maid of Mist in Niagara Falls, Ont., in this Oct., 1991, with her sons Prince Harry, then 7, and Prince William, then 9.

The royal was 12 years old when his mother was killed

Oh Kim, be careful with the spray tan when breast feeding

Kim Kardashian West accidentally smothered North's face in fake tan

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

The climb is slow but property on the way up

Michael Matusik, director of Matusik Property Insights.Photo Allan Reinikka / The Morning Bulletin

The improvement would be mild when compared to past cycles