The Gladstone property market recovery continues to take shape with local agents reporting an increase in enquiry for older, established homes. Over the last months, development of new product has slowed to a trickle with most large scale builders, developers and earthmoving contractors completing projects.
The Gladstone economy has been buoyed by the announcement during the first week of August that P&O intends to dock up to 5 cruise ships per year in the local port. The addition of 2000 tourists, 5 times per annum will be a significant boost to the local tourism industry, and will open up the region to many opportunities.
The announcement of the P&O stop overs comes as positive rumours circulate locally about the imminent announcement of the Arrow LNG project and QER Shale Oil project.
Additionally, local sources suggest that the Boulder Steel project, which will employ thousands, may still have life in it yet…
Watch this space!