Posted by John Leeson
on 30 April 2015
REIQ data reveals rental problems for traditional mining towns, however Gladstone is recovering. The latest Real Estate Institute of Queensland rental vacancy information - for the March 2015 quarter - shows high vacancy rates in several regional areas.
Gladstone's vacancy rate has dropped five times since peaking at 7.7 per cent at the end of 2013 and now sits at 3.8 per cent.
Looking at the figures for Mackay, Rockhampton and Gladstone it is too soon to call this ...
Peter Ker, The Sydney Morning Herald
Oil and gas major Royal Dutch Shell looks set to take control of a $US20 billion ($26 billion) LNG processing plant in Queensland after agreeing to a $91 billion (£47 billion) takeover of BG Group. The deal is a huge vote of confidence in Queensland's $63 billion LNG export industry and comes as the Abbott government bets big on fossil fuels in its long-awaited energy white paper. The two companies confirmed on Wednesday they would push ah...
Sourced from Residential Tenancies Authority
Median rents in Gladstone, Mackay and Mount Isa continued to fall in the December quarter 2014, according RTA median rent data.
RTA data shows median rent for a 3 bedroom house in Gladstone dropped from $500 per week in the December quarter 2012 to $400 per week a year later down to $300 per week in the December quarter 2014.
Over the same period weekly median rent for a 2 bedroom unit in Gladstone fell from $410 (2012) to $330 (2013) a...
Posted
on 3 February 2015
Casie Hough, ABC Rural
Royal Dutch Shell global chief executive Ben van Beurden says the company will be slowing down on new developments.
This means the development of Arrow's greenfield liquefied natural gas project at Curtis Island in Queensland is "off the table".
The decision has been blamed on falling oil prices, with Shell cutting spending by $15 billion over three years.
While this has implications for the Curtis Island Development, Shell spokesman in Aus...
Posted
on 18 December 2014
John McCarthy
ADANI has signed up Korea's POSCO as an equity partner and builder of its $1 billion T0 coal terminal at Abbot Point.
The terminal will service the $16 billion Carmichael megamine in the Galilee Basin which has yet to get its final board approval or a mining lease.
However, the company is moving ahead with the project and expects to start development of the Northern Galilee Basin Rail project early next year. It also maintains it can produce first...
