Terry Ryder has been bullish on Geraldton for some time, and still recommends it as a great place to park your money or invest in real estate.
Property investors who may have missed the best opportunities for growth in the Queensland mining town of Gladstone and should instead consider investing in an up and coming investment hotspot like Geraldton in WA, says hotspotting.com.au’s Terry Ryder.
Ryder urges caution when considering investing in Gladstone and says it's property market is at risk of oversupply.
He says developers have been desperate to get into Gladstone, but because of the time it takes to get approval, they have been a couple of years behind the market, up until now, with projects starting to come on board.
“If you fly into or over Gladstone, you see there are just new housing estates and earth-moving machinery everywhere,” said Ryder in a recent Property Observer webinar looking at investment hotspot opportunities in 2013.
Ryder says the best growth opportunities in Gladstone were two year's ago.
Rather, he suggests investors take a good look at Geraldton, which he says has the potential to evolve into a Gladstone.
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