Residents blast Fisher St affordable housing complex

THE official launch of Gladstone Affordable Housing's new development on Fisher St has been greeted with disdain by a group of residents opposing the project.

Members of Friends of Fisher St, a group that includes 45 residents that have been fighting the development since 2013, said noise, traffic and high density housing issues were their biggest concerns.

Fisher Crest in West Gladstone will feature 32 new homes built comprising of a mix of apartment configurations and three-bedrooms villas.

Gladstone Affordable Housing owner BHC chief operating officer Samantha Evans said Fisher Crest had been designed with first home buyers and those looking to downsize in mind.

She said Fisher Crest was hitting the market at the right time in Gladstone, giving home buyers and young families an opportunity to secure a new home at an affordable price.

"There has been a lot of talk about vacancy rates in Gladstone escalating in recent times," she said.

"However, the majority of development has ceased in the immediate area and the vacancies are being absorbed."

Local architect and Fisher St resident John Bright said the development epitomised greed and stupidity.

"There is already an oversupply of housing in Gladstone and this will only further undermine property prices," he said.