98 units on way
THE new apartment blocks on Glenlyon Rd will not fix the rental crisis in Gladstone. At best, they will help the market hold steady.
That is the view of Stokeston director Brad Smith, who is responsible for making the project a reality.
Mr Smith said the section of the G60 project on Glenlyon Rd would have 64 units ready by Christmas, and a further 34 by February.
Most people would expect an injection of 98 units into the rental market to lower the city's rents, but Mr Smith said Stokeston expected another influx of workers in the new year, which would create new demand in the market.
Stokeston also has development approvals for two other projects in Gladstone, which will begin next year.