Tony Martin

Almost one thousand of Gladstone's rentals are vacant

GLADSTONE is overstocked to the tune of about 650 rental houses, according to Ray White Gladstone director John Fieldus.

The latest REIQ vacancy rates released this week show that Gladstone vacancies have risen from 5.8% in June to 7.1% at the end of October.

The total number of houses available for rent is 985.

However, Mr Fieldusmaintains that Gladstone isn't suffering as badly as some communities - especially those at "the other end of the pipeline" as he put it.

In the Maranoa region where much of the coal seam gas comes from to be processed into LNG on Curtis Island, vacancy levels have now hit 14.5%.

He said Gladstone still had a lot to offer renters - the fact that the current position means rentals are very affordable, and there is still work to be had in the region.

"A person can move in to a four-bedroom home with double garage these days for around $280 a week," said Mr Fieldus.

"There's been quite a lot of activity in the rental market.

"Our company alone has placed well over 100 people into rental properties."