Demand for rentals will remain, researcher says
ONE of Australia's leading property researchers is predicting demand to remain for rental housing in Gladstone, as demand continues to rise and housing vacancy rates sit between 1.5% to 3%.
The National Property Research Company director Matt Gross has recently undertaken research into the Gladstone rental market and says demand for housing will continue to be positive.
But he conceded there may be lean times ahead for those with apartments to rent.
"Gladstone has a very robust economy which is underpinned by a number of sectors, not just resources, and as a result the city is beginning to emerge from the bottom of the property cycle," Mr Gross said.
"Many of the people leaving Gladstone were the Bechtel workers who lived on Curtis Island and had very little to do with the local property market.
"These construction workers are now moving on and they are being replaced by operational staff who are bringing their families and choosing to live, work and play in Gladstone.
"Bechtel have stated about one in 15 workers who did live in Gladstone have chosen to stay and continue with their existing lease, as they have found full-time employment in Gladstone and don't wish to leave.
"This trend may continue throughout 2015 as the market returns to a more traditional property cycle.
"But Gladstone is the state's energy engine room and there are a number of projects on the cards which could see an upswing in demand for dwellings."