Property

Rents need to rise before investors return to town

AN INVESTOR is desperately hoping Gladstone rents increase before she is forced to sell her home in Sydney.

Nina Danko and her family bought two blocks of land side by side three years ago using superannuation with plans to build units.

It took a year for the development application to be approved.

In that time rents have plummeted and she is barely staying afloat.

Her most recent tenants were paying $400 a week for the Gladstone central homes, but now the properties are empty even after dropping the price to $250.

With an oversupply of housing there is no chance the block will be developed anytime soon.

"We're struggling to make the mortgage repayments," Ms Danko said.

"We're trying to hold the land in the hopes the situation will improve.

"But rentals have dropped so much we can't develop because it just doesn't justify the cost."

Topics:  home ownership investment property property investment real estate renting



How to survive a bushfire in your car

IT SOUNDS like a nightmare, but it can happen.

Eight reasons to join the RFS

SPREAD across 93% of Queensland, the Rural Fire Service has about 36,000 volunteers. And you could be one of them.

What if my insurer gives me grief?

CLAIMING your insurance cover after a natural disaster can go one of two ways. It can be a breeze, or like pulling teeth.

He violently fled court, now he's been brought to justice

Ian Robert Eastell Dougan fled from police custody in the Rockhampton District Court in late September.

Details of sex offender's escape after six weeks at large

Investors flock to Rocky as Adani boom looms

Property, real estate, housing, suburb,  August 2016

Real estate agents notice spike in interest

Family charged to take the reins at Rocky business

ALL SMILES: Skip Wren (middle) knows his operation could not be in better hands than his son Tony (right) and daughter-in-law Tracy (left).

Owner Skip Wren charged to see his business in good hands.

Local Partners

Mel Gibson named Best Director at AACTA Awards

Mel Gibson poses in the media room after winning the AACTA Award for Best Direction for Hacksaw Ridge.

HIS wartime drama Hacksaw Ridge sweeps 6th annual awards in Sydney.

Mark Hamill unaware his co-stars were romantically involved

Hamill too "self-involved" at the time to notice, he said

ABC's Fresh Blood graduates are a Skit Box full of laughs

Sarah Bishop, Greta Lee Jackson and Adele Vuko in a scene from the TV series Wham Bam Thank You Ma'am.

ALL-female comedy trio hitting the mark with new sketch show.

Kim Kardashian West said to be looking for a divorce

Kim Kardashian West is looking to file for divorce from her husband

HBO announces which show will replace Game of Thrones

Diana Rigg, Natalie Dormer, and Hannah Waddingham in a scene from Game of Thrones.

Game of Thrones is definitely not coming back next April

Adele's Carpool Karaoke biggest viral hit on YouTube in 2016

The video has already attracted more than 135 million views

Ipswich City Properties asset portfolio retains its value

Ipswich City Council Administration Building, South Street, Ipswich. Photo: Claudia Baxter / The Queensland Times

New website launched by Ipswich City Council

Cheapest houses for sale in Rocky right now

10 cheap houses for sale right now

EXPLAINED: What will become of Stanage Bay after expansion?

CONCERNS AIRED: Tina Mitchell, Amanda Roberson and Maree Haynes from Stanage Bay to meet with Defence Department representatives.

Residents concerns about impact of Shoalwater expansion on town

Shoalwater expansion land buy up raises concerns

Rees R and Sydney Jones have just under 20 clients living in the expansion area which stretches as far north as Styx River.

Rees R & Sydney Jones have just under 20 clients in expansion zone

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

Ready to SELL your property?

Post Your Ad Here!