Bechtel monitoring impact on real estate market

BECHTEL still has leases on 239 homes in Gladstone, but not all of those will be released onto the market at the same time.

Speaking at a networking lunch in Gladstone today, Bechtel general manager Kevin Berg said the company was monitoring its impact on the local real estate market.

As well as meeting with real estate agents regularly, the company also monitors social media to see if it is flooding the market and having a negative impact on local businesses.

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Mr Berg said he expected the metals and mining industries to take on some of the employees coming off the Curtis Island gas projects.

"Historically when oil prices are low the metals and mines industry comes up, so I would hope we will see that happen again now," he said.

By December there will only be a few thousand workers left on Curtis Island, and by mid-2016 construction will be over.

Bechtel will have left Gladstone by December next year.



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