Oversupply of units an ongoing issue in Gladstone market
THE number of units, townhouses and apartments in Gladstone is an ongoing issue for local residents and investors.
Re/Max Gold licensed real estate agent Alicia Williams said given the current demand levels, it would appear that in the short term the city has an oversupply of townhouses, units and apartments available for occupancy or still under construction.
"However, as we as we all know, Gladstone is a very volatile market," Ms Williams said.
"Depending on the direction and focus of industry, our population can quickly swell, whereby these dwellings will be needed to house a seasonal workforce to reduce the impacts on local area residents."
Ms Williams said as a city, Gladstone was a strategically placed area economically and geographically.
"It is my view that Gladstone will continue to be the industrial powerhouse of the state, which in turn will lead to future jobs and future growth for our region," she said.
CCF Homes owner Craig Christensen said the influx could be a trend of the generation.
"Not wanting to have the burden of bigger garages and bigger areas," he suggested. "Until you get to having kids, you're not wanting space for a pool or shed.
"At that stage it's more about value."
Mr Christensen doesn't believe the influx of smaller accommodation is greatly affecting families in the region.
"They have their established homes in established areas where they want to be," he said.
Mr Christensen said his business was versatile in building units and houses - whatever was required.
Currently, the local builder has only been affected a little by the market trend.
"It has turned down but in building it's always up and down," he said.
"As soon as an election comes around people hold on to their money until they know the outcome of the government."
Pick up a copy of Saturday's Weekend Observer to read more about Gladstone's high-rise apartment culture.
Do you think Gladstone has too many units and apartments?
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