Missed it?: Top 5 stories of the week Feb 28-March 5

Here's your weekly snapshot of news in the Gladstone region with five of the top news stories from The Observer over the week February 28-March 5:

1. Gladstone bankruptcies double but Mackay is worse off

In his 60s, a property developer who once financed duplexes, and who was supposed to be thinking about retirement, says filing for bankruptcy has left him with nothing. His is an all-too-common story in Gladstone, with 34 people finding themselves in financial ruin in the last three months of 2015, and 65 people in the quarter before that.

Mackay has had almost double (631) the bankruptcies of Gladstone and Biloela (333) in those years.

2. Opinion: 'Everyone is lining up to kick Gladstone'

A letter to the editor really got tongues wagging this week. A former Gladstone man, who still has business and real estate investments here, wrote: "I find enormously frustrating, the attitude of business owners and the general populace in this post-industrial boom period. Everyone is lining up to kick Gladstone, when the exact opposite is required."

3. Mo' drama for candidates and their corflutes

Overnight a cheeky resident fashioned a new look for some of the election candidates. The prankster, or pranksters, targeted a string of signs along Dawson Rd although some candidates such as Chris Cameron and Amanda McRae in that patch were spared the makeover.

4. Hold out, jobs are coming to Gladstone: recruiter

People are getting laid off, competition for jobs is high, and first year apprentices are being looked over for more qualified and ticketed workers. But one recruiter from an employment agency in Gladstone who asked us not to name them, said there was light at the end of the tunnel.

5. Record open homes, rental vacancies drop for first time in 12 months

Agents are saying the reason for the slight drop in vacancies could be attributed to a surprising but pleasing trend which is seeing some people return to Gladstone for its affordability after a numbers of years of high property prices. Related story: Rents need to rise before investors return to town and the reaction here

 

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Click here for last week's (Feb 21-27) wrap up



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