As we all know, the Gladstone property market seems to be on just about every property radar for investors in Australia. Its outstanding growth forecasts over the next decade are underpinned by billions of dollars worth of new industrial projects, all in need of thousands upon thousands of workers that will bring the next phase of Queensland's resource boom into fruition.
Stirling Hinchcliffe the Infrastructure Minister has said that Queensland is on the edge of its next resource boom and 'all roads lead to Gladstone' - and the strain is starting to show in the residential property market with rising rents and strong capital growth prospects.
I spoke with well known agency principal and REIQ chapter chairperson for the region Mark Spearing who describes the market as really starting to heat up with 'plenty of competition for both properties for sale and for rent.'
Official vacancy rates remain below 1% and the temporary conversion of the Gladstone show grounds into a tented village and caravan park is an indication of the 'no vacancy' signs all around Gladstone.
Even with some locals split over the benefits of the rapid changes that lie ahead it is certainly an exciting time for the region and the market looks assured of being placed under considerable pressure for the foreseeable future.
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Keep reading for a handy tip from one of our users and to take advantage of a great deal we have negotiated for you - plus you could win an iPad II. Use MyProp as your online property investment advisor and manager working for you, and remember we always suggest checking with your professional advisors. Cheers Antony. |
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MyProp User TipWe suggest you enter details from your rental statement in MyProp for February. There should only be four of five items to do for each property, or a little more if you self-manage your investment property. See how the history grows in your account as each month passes, and if you own a property in Gladstone don’t forget to check your LVR (loan to value ratio) Get up and going on MyProp faster, watch our Getting Started Video. |
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Property Depreciation - plus learn how you can win an iPad IIWith a depreciation report provided by a quantity surveyor, there are substantial annual tax deductions to be gained. So many rental investors don’t have one. We are delighted to have agreed special terms for our users with Washington Brown, tax depreciation quantity surveyors. As an example many of our users own apartments. Owners can save thousands of dollars every year by claiming depreciation on common property within an apartment complex or development. Click here to get the best rates going. MyProp allows users to enter the report division 40 and 42 values from their depreciation reports directly into their MyProp account. Its clever software looks after the rest, saving your accountants time and you money. How cleaver is that! Also, MyProp users instructing Washington Brown during April to prepare a report will go into our draw to win a new iPad II terms and conditions apply. Draw will be in May. Good Luck! |
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Meet Bob and AnnetteLike many Australians I know, my wife Annette and I have dreamt of being financially free through owning property investments. Although my desire to start owning an investment property was strong... Read more. |
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Early Retirement? MyProp will help youWhether you are laying the foundations or have a large residential portfolio MyProp investment property software has been developed to help property investors. Find out how. |
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