News and features / Gladstone display home boom
boom in Gladstone
By ROD ASHCROFT
IF YOU live in central Queensland and have complained in the past about the lack of opportunities to view quality new homes, then things are on the up.
It would seem there is a display house boom happening in Gladstone at the moment.
DisplayHomes.com has identified more than a dozen display houses - new or newish - by at least eight different building companies.
The explosion of display homes is happening against a background of soaring property and land prices in this central Queensland mining town, driven by investors craving investment homes for an ever expanding fly-in, fly-out mine workforce.
Gladstone is home to the world's biggest alumina refinery, Australia's biggest aluminium smelter and Australia's biggest cement operation. Few other towns in Australia come close to matching Gladstone's economic might, which sees it endowered with$69 billion in projects currently in the early stages of construction and a further $26 billion to begin in the next three years.
Demand from investors for rental properties is outstripping owner occupier demand, according to a PRDnationwide report.
The Riverstone Rise masterplanned community project will see 2900 homes built, a child-care centre, retail hub, medical centre, primary school and river facilities to complement a 4.2 km river frontage and 191 hectares of open space.
The Riverstone Rise project is situated on the picturesque banks of the Boyne River, 13 kilometres from the Gladstone CBD.
Stage one of the project will see 120 allotments created - with prices starting from $165,000 and ranging in size up to 740 square metres.
The PRDnationwide report provides startling reading. It reveals more than 87 per cent of Gladstone houses that sold over a six-month period ending in March last year sold for more than $400,000. This compares with 67 per cent for the same period a year earlier.
The report says house and land prices in the Gladstone region continue to go from strength to strength. The median house price in Gladstone is now $479,750 and the median land price $250,000.
Building companies with display homes open for business at Riverstone Rise (and which are featured on the project's website) are Absolute Homes, CCF Homes, Devine, GD Lawrie, Integrity, Irwin and Tenheggeler Homes.
Also enjoying the housing boom are other building companies which do not appear to be aligned to the Riverstone Rise development. Companies such as Suncrest Homes, Gladstone Designer Homes, Coastal Homes and Aston Milan Homes. Their display homes have sprung up in other parts of Gladstone with these companies also cashing in on the high demand for housing.
PICTURE GALLERY OF GLADSTONE DISPLAY HOMES
38 Victoria Ave, Glen Eden, Gladstone (07-4979 4438)
Big stylish open living spaces, high ceilings, sloping roofs, elegant facade.
Tulipwood Circuit, Boyne Island, Riverstone Rise (phone 13 13 63)
Glenelg 23 - Bright, chic and contemporary with an ultra-sylish family/kitchen area
Designer range (2 Creekview Dr, Forest Springs Estate) and Lifestyle range (14 Tulipwood Circuit, Riverstone Rise, Boyne Island (phone 07 4978 6001).
Two dream kitchens and an elegant bathroom with glass doors a feature.