For investors taking a long term perspective of the property market, it is important to understand why Gladstone is attracting such a large level of investment and why it will continue in the future.
Gladstone, located on the shores of the Queensland’s busiest harbour and centrally located between the Surat and Bowen Basin, has become the most diversified industrial town around the nation.
With massive new infrastructure investment in Gladstone, it is predicted to create a demand for an estimated 8,100 new dwellings by 2018 and have doubled it’s population by 2031.
The Port of Gladstone is Qld’s largest multi-commodity port and the fifth largest multi-commodity port in Australia. It is the world’s fourth largest coal exporting terminal with coal making up 70% of the total exports from the port.
With the expansion of the Surat Basin, and growth of coal mining in central Queensland, the Port of Gladstone export capacity needs to expand to meet coal demand worldwide.
To help cater for the increasing level, work has commenced on the $2.5b Wiggins Island Coal Terminal Stage 1 Project (WICET). WICET owners will fund the construction of Stage One, while Gladstone Ports Corporation (GPC) will be the operator of the facility. This will improve efficiency of operations in the Port of Gladstone, without relying on external Government funding.
Queensland Rail Network and Surat Basin Rail are vital links in the coal supply chain for delivering coal from the Surat and Bowen Basins to the centrally located Gladstone region, ready for export by sea to customers all over the world.
WICET has provided $35m toward Gladstone’s Auckland East Shores Development, which will see a delivery of a much-needed world-class waterfront redevelopment.
Gladstone is now a key hub for the growing energy sector with BG Groups’ $20b Queensland Curtis LNG (QCLNG) creating 3000-4000 jobs during construction and 800 permanent positions, Santos $18.5b Gladstone LNG (GLNG) and Origin with the $23b Australia Pacific LNG (APLNG) will reach 18,600 direct and indirect jobs over the 10-year construction period.
The Gladstone Economic and Industry Development Board claims that many international companies choose Gladstone for their large scale resource processing businesses and associated industries because of it’s excellent access to raw material, energy supply, service and support industries and infrastructure.
Gladstone is home to one of the world’s largest alumina refineries, the world’s first Greenfield alumina refinery, Australia’s largest cement kiln and Queensland’s largest power station, as well as the world’s largest industrial grade ammonium nitrate plant, an international scale sodium cyanide plant and a choralkali plant.
With so many developments on the go and so much in the pipeline still to come, there is a great future for property investors in Gladstone.
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