|
The central Queensland
coast is the foundation of
the state's resource boom.
Just an hour in the air from Brisbane,
and two hours from Sydney, Gladstone
is at the heart of this prosperity.
Rich natural resources including
coal, limestone, magnesite and
mineral sands are mined in the
region and exported through the
city's deepwater harbour to domestic
and international markets, while
tourists are drawn to its fine beaches
and the nearby Great Barrier Reef.
The resource-driven boom has seen the region’s population grow at a consistently high rate since 2001.
Property values are also increasing — the Real Estate Institute of Queensland estimates that between 2000 and 2005 median property values grew a total of 90%. Further investment will fuel this growth.
Some $20 billion in infrastructure projects are earmarked for the region. These will generate 9,000 direct and indirect jobs at the peak of construction, as well as flow-on opportunities
- The $1.8 billion Wiggins Island port expansion will create the largest coal exporting port in the world
- The $1 billion Inland Rail Project which is part of a 700-km link between Toowoomba to Gladstone will have flow-on benefits for the city
Sources:
1. Colleen Coyne Property Research,
Gladstone Report, 16 Nov 06
2. Gladstone Area Promotion & Development Group, Gladstone
Region Project Status Report,
Sept Quarter 06
3. Australian Property Investor,
Nov 06, "Pin Pointing the Mini
Booms", by Terry Ryder, p42-47
4. Australian Smart Investor,
Apr 07, "Soaking up the Sun",
by Karin Derkley, p46 — 54
5. Australian Property Investor, May
07, "Perfect One Year, Perfect the
Next", by Shane McNally, p90 - 93
6. The Australian Financial Review,
19 Oct 06, "Gladstone: A Port in
an Export Storm", by John Pitt,
p14 & 16 |
|