LNG hype yet to reach Rocky

WHILE Gladstone’s real estate market has gone gang busters since last week’s LNG announcement, the ripple effect is yet to be felt in Rockhampton.

Today Rockhampton agents said they hadn’t noticed any significant changes but were excited about the future.

Chris Baxter, of Baxter’s Real Estate, said that sales had been “nothing out of the ordinary” this week but was hopeful about what the project could bring to the region.

“I’m sure it’s going to be great for the region and I think it can only mean good things for the businesses in the area,” he said.

Janece Jones, principal of Think Real Estate, said she had not seen any increased demand but was excited about the prospects the projects could have for the region.

“We haven’t seen any change to the market here as of yet and I don’t think we will until they start developing, but I think it will be a big positive for the region when it all gets going.”

On Friday, just hours after the Federal Government’s environmental approval of two liquefied natural gas (LNG) projects, investors rushed Gladstone real etsate agents.

Raine and Horne Gladstone director Mark Patton said increasing demand with diminished supply would place an enormous amount of pressure on the local market with both rental and property prices set to increase.



 



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