Gladstone still a good place to invest, adviser says
CONTINUED infrastructure investment makes Gladstone a great place to buy property, according to Crawford Property Group director Ryan Crawford.
Mr Crawford said that with more than $100 billion in infrastructure projects planned or under construction, Gladstone could be described as a "super infrastructure location" for property investors.
"For investors seeking property in an established location, offering mining town rental returns in a lower risk environment, Gladstone should be given serious consideration during the coming year," he said.
"Infrastructure investment has historically been a key driver in property values because it results in a rising demand for homes as well as higher living standards.
"The massive new infrastructure investment in Gladstone is predicted to create a demand for an estimated 8100 new dwellings by 2018.
"Gladstone is now a key hub for the growing energy sector in Queensland, and as a result is attracting massive overseas investment both in coal and LNG."
Mr Crawford said for investors taking a long term perspective of the property market, it was important to understand why Gladstone was attracting such a large level of investment and why it would continue in the future.
"International companies are now pouring billions of dollars of new investment in Gladstone because of the surging demand for energy in the world - a demand which will continue well into the future," he said.
"This trend has been underlined by the latest predictions by the International Energy Agency in its 2012 World Energy Outlook Report.
"The IEA predicts that global energy demand will grow by more than one-third over the period to 2035 with China, India and the Middle East accounting for 60% of this increase."
Crawford Property Group has offices in Brisbane and Perth.
Would you buy an investment property in Gladstone?
This poll ended on 31 January 2013.
I already have and it's doing quite well.
Yes, if I had the money.
No, it's too expensive.
No, prices will drop once the boom is over.
This is not a scientific poll. The results reflect only the opinions of those who chose to participate.