rental vacancies, page-18

Add to Gladstone the Wicket coal expansion (6 bil) and now BHP 900 mil rail to it, plus Rio Stage 2 Alumina plant construction and stage 3 being designed now. The 4th gas plant is under design now. The risk when I invested years ago there was if this was all pre-GFC I would be moving my properties on the first or second push, but the GFC has nocked a few investors out of the market and the housing supply will significantly lag the demand and I can see rents at 1000p/w+ no problems. Considering you can still buy houses for 500k thats going to be great returns even still! Land supply is hurting the new development suply as well. The gas work force isn't in town yet it is just civil infrastructure works.