Abbot Point, Bowen
- Thread starter dementer
- Start date
"info" from a couple of local REAs
Personally looking to sell at present, but wondering whether this may be the shot in the arm that the Whitsundays needs?
Or an eco-disaster in the waiting?
Many people in the mining industry are renting or buying property here and spending their free time enjoying the lifestyle of the Whitsundays. Most of my sales in the last six months have been to mining industry workers from Mooranbah and the Bowen Basin. The expansion of the mining industry throughout the Bowen Basin will have a positive ripple effect on the Whitsundays in the future. Airlie Beach has a great future and we are proud to be a part of the growing business community and culture.
Invest in the Whitsundays with confidence.
Robyn Tyson
Harcourts Airlie Beach
More news coming out in the Australian newspaper on the weekend with talk of Clive Palmers Waratah Coals expansion of Abbot Point, Bowen. The article details how the Abbott Point terminal could be one of the biggest export ports in the world. Of course all this means positive things for the Whitsundays as it will bring a massive amount of jobs which in turn will affect the entire local real estate market, tourism and hospitality.
Palmer plans massive coal loader near Abbot Point
By: Andrew Fraser
Source: The Australian, Date: 12/07/2010
MINING magnate Clive Palmer is planning to build a new coal-loading facility outside the existing one at Abbot Point in north Queensland.
This will transform what is now a small concern into possibly the biggest coal port in the world.
Abbot Point is due to be sold next year as part of the Queensland government's privatisation program, and as part of that process, the port's current coal-loading capacity is being upgraded from 21 million tonnes to 50 million tonnes.
The extra capacity involved in this upgrade has already been allocated as part of the "missing link" railway project, under which new and existing mines in the Bowen Basin will ship coal through Abbot Point for export.
In addition to this extra capacity, the Queensland government has allowed the construction of further coal-loading facilities on another two sites beside the port.
These will be privately run and not part of the privatisation.
Most industry observers had expected that these sites would be allocated to Mr Palmer's Waratah Coal and Gina Rinehart's Hancock Prospecting, the two companies planning big coal mines in the Galilee Basin, which is an emerging coal-mining region.
But while one of the sites was awarded to Hancock, the other went to BHP Billiton, effectively freezing the Palmer project out of any future capacity.
But when contacted in Beijing yesterday, Mr Palmer said that he intended to build his own coal-loading facility north of the existing port so that he did not have to rely on the future allocations.
"We're planning to put 40 million tonnes a year through there, and we'll be building our own jetty," he said.
"We've lodged the documents with the government and currently we're in the public consultation phase. We expect the whole thing to be wrapped up by the end of the year."
Whitsunday mayor Mike Brunker, in whose shire Abbot Point is situated, said that he was aware of the Palmer proposal but that he didn't know how far it had gone.
"We'd prefer that Clive use the multi-user facility which is being built there, but his people have told us that it's his preference to build his own jetty," Mr Brunker said.
Abbot Point is currently controlled by the state government's Queensland Ports Corporation.
The corporation's chief executive, Brad Fish, said the port was planning extra capacity of up to 200 million tonnes per annum throughput.
He said one possibility was a 12-berth multi-user facility with BHP Billiton and Hancock Prospecting being allocated two berths each, and if this project went ahead it was possible that Waratah Coal could be allocated some of this capacity.
Hancock has moved ahead of the Palmer project by gaining the port facilities, and it has stolen another march on its rival with the Queensland government approving its planned rail corridor from the Galilee Basin to Abbot Point as an "infrastructure facility of significance", which means the state has the power to acquire private land for the project.
"The declaration of the IFS means Hancock now has a defined corridor within which they can continue to study the feasibility of their plans," Queensland Infrastructure Minister Stirling Hinchliffe said. "This decision gives greater certainty in support of ongoing planning and potential investment for the proposed $5.5bn Alpha project and the estimated $6.5bn proposed Hancock Kevin's Corner project in the Galilee Basin."
The proposed expansion of Abbot Point is attracting criticism from conservation groups.
Greens leader Bob Brown has visited the area to protest against the port expansion.
Kind regards,
Mark Beale
[email protected]
Personally looking to sell at present, but wondering whether this may be the shot in the arm that the Whitsundays needs?
Or an eco-disaster in the waiting?
Many people in the mining industry are renting or buying property here and spending their free time enjoying the lifestyle of the Whitsundays. Most of my sales in the last six months have been to mining industry workers from Mooranbah and the Bowen Basin. The expansion of the mining industry throughout the Bowen Basin will have a positive ripple effect on the Whitsundays in the future. Airlie Beach has a great future and we are proud to be a part of the growing business community and culture.
Invest in the Whitsundays with confidence.
Robyn Tyson
Harcourts Airlie Beach
More news coming out in the Australian newspaper on the weekend with talk of Clive Palmers Waratah Coals expansion of Abbot Point, Bowen. The article details how the Abbott Point terminal could be one of the biggest export ports in the world. Of course all this means positive things for the Whitsundays as it will bring a massive amount of jobs which in turn will affect the entire local real estate market, tourism and hospitality.
Palmer plans massive coal loader near Abbot Point
By: Andrew Fraser
Source: The Australian, Date: 12/07/2010
MINING magnate Clive Palmer is planning to build a new coal-loading facility outside the existing one at Abbot Point in north Queensland.
This will transform what is now a small concern into possibly the biggest coal port in the world.
Abbot Point is due to be sold next year as part of the Queensland government's privatisation program, and as part of that process, the port's current coal-loading capacity is being upgraded from 21 million tonnes to 50 million tonnes.
The extra capacity involved in this upgrade has already been allocated as part of the "missing link" railway project, under which new and existing mines in the Bowen Basin will ship coal through Abbot Point for export.
In addition to this extra capacity, the Queensland government has allowed the construction of further coal-loading facilities on another two sites beside the port.
These will be privately run and not part of the privatisation.
Most industry observers had expected that these sites would be allocated to Mr Palmer's Waratah Coal and Gina Rinehart's Hancock Prospecting, the two companies planning big coal mines in the Galilee Basin, which is an emerging coal-mining region.
But while one of the sites was awarded to Hancock, the other went to BHP Billiton, effectively freezing the Palmer project out of any future capacity.
But when contacted in Beijing yesterday, Mr Palmer said that he intended to build his own coal-loading facility north of the existing port so that he did not have to rely on the future allocations.
"We're planning to put 40 million tonnes a year through there, and we'll be building our own jetty," he said.
"We've lodged the documents with the government and currently we're in the public consultation phase. We expect the whole thing to be wrapped up by the end of the year."
Whitsunday mayor Mike Brunker, in whose shire Abbot Point is situated, said that he was aware of the Palmer proposal but that he didn't know how far it had gone.
"We'd prefer that Clive use the multi-user facility which is being built there, but his people have told us that it's his preference to build his own jetty," Mr Brunker said.
Abbot Point is currently controlled by the state government's Queensland Ports Corporation.
The corporation's chief executive, Brad Fish, said the port was planning extra capacity of up to 200 million tonnes per annum throughput.
He said one possibility was a 12-berth multi-user facility with BHP Billiton and Hancock Prospecting being allocated two berths each, and if this project went ahead it was possible that Waratah Coal could be allocated some of this capacity.
Hancock has moved ahead of the Palmer project by gaining the port facilities, and it has stolen another march on its rival with the Queensland government approving its planned rail corridor from the Galilee Basin to Abbot Point as an "infrastructure facility of significance", which means the state has the power to acquire private land for the project.
"The declaration of the IFS means Hancock now has a defined corridor within which they can continue to study the feasibility of their plans," Queensland Infrastructure Minister Stirling Hinchliffe said. "This decision gives greater certainty in support of ongoing planning and potential investment for the proposed $5.5bn Alpha project and the estimated $6.5bn proposed Hancock Kevin's Corner project in the Galilee Basin."
The proposed expansion of Abbot Point is attracting criticism from conservation groups.
Greens leader Bob Brown has visited the area to protest against the port expansion.
Kind regards,
Mark Beale
[email protected]
Whitsundays Airlie Beach revival?
This is all happening now - any views on how it is going to affect the Whitsundays?
Our experience is that the market is currently at a low point in terms of sale prices, but rents holding up ok. Some real bargains gone near to where our property is. eg http://www.raywhitewhitsunday.com/listing/WHT11780 (Or maybe just a correction to more realistic prices? )
Here is the newsletter view of one of our agents. They have talked the area up throughout the drop in prices and increased vacancies but there does seem some reason for excitement / optimism now.
D
"Living Whitsundays
Last night I attended a meeting in Bowen between selected ‘stakeholders’ in our region and an Enterprise Whitsunday speaker from Tracey Brunstrom and Hammond to discuss a co-ordinated approach to the mining industry.
We have been hearing for some time that the mining expansion will bring some 25,000 jobs to the region and a possible 12,000 new residents who will be working in the Galilee Basin and North Bowen Basin. The beginnings of the wave of new people moving to the area will commence in the later part of this year. Throughout the next 2 years those numbers will increase significantly and have a positive impact on our region.
Enterprise Whitsunday identified available land lots in the shire as follows:
· Proserpine 89
· Airlie beach 480
· Bowen 609
· Collinsville 138
What is needed is a co-ordinated approach from us as a region to have one representative work with the Mining Industry to assist in housing, schools and infrastructure needs in the years to come. What we don’t want is what happened in Gladstone where the mining companies bought a large parcel of land and created what is almost a satellite city on the outskirts of Gladstone. These communities were not engaged or consulted and got very little benefit as a whole from that expansion. We don’t want to see whole streets full of mining families nor do I think do the miners. There are enough available blocks of land in the region and plenty of homes on the market that will fill the initial needs of these groups.
We don’t want to see camps flourish any more than the miners do. They want to bring their families to residential centres where they can have a great way of life for their families. They want to be able to commute quickly and safely to work and home.
The mining companies are not interested in hearing from developers that have blocks of land for sale. We need to approach them as a regional body to ascertain their needs and take steps to fulfil them. For example a 90 seater plane could land at our small plane airport if the runway was 150 metres longer. Is this something that would appeal to the mining industry in order to be able to fly in fly out workers?
Lots to think about and much work to do, however, we can’t miss the opportunity to take a proactive approach and get involved. We need representation and a plan.
I hope to be able to tell you soon that we have achieved that.
Rob Tyson
Principal
Harcourts Airlie Beach"
This is all happening now - any views on how it is going to affect the Whitsundays?
Our experience is that the market is currently at a low point in terms of sale prices, but rents holding up ok. Some real bargains gone near to where our property is. eg http://www.raywhitewhitsunday.com/listing/WHT11780 (Or maybe just a correction to more realistic prices? )
Here is the newsletter view of one of our agents. They have talked the area up throughout the drop in prices and increased vacancies but there does seem some reason for excitement / optimism now.
D
"Living Whitsundays
Last night I attended a meeting in Bowen between selected ‘stakeholders’ in our region and an Enterprise Whitsunday speaker from Tracey Brunstrom and Hammond to discuss a co-ordinated approach to the mining industry.
We have been hearing for some time that the mining expansion will bring some 25,000 jobs to the region and a possible 12,000 new residents who will be working in the Galilee Basin and North Bowen Basin. The beginnings of the wave of new people moving to the area will commence in the later part of this year. Throughout the next 2 years those numbers will increase significantly and have a positive impact on our region.
Enterprise Whitsunday identified available land lots in the shire as follows:
· Proserpine 89
· Airlie beach 480
· Bowen 609
· Collinsville 138
What is needed is a co-ordinated approach from us as a region to have one representative work with the Mining Industry to assist in housing, schools and infrastructure needs in the years to come. What we don’t want is what happened in Gladstone where the mining companies bought a large parcel of land and created what is almost a satellite city on the outskirts of Gladstone. These communities were not engaged or consulted and got very little benefit as a whole from that expansion. We don’t want to see whole streets full of mining families nor do I think do the miners. There are enough available blocks of land in the region and plenty of homes on the market that will fill the initial needs of these groups.
We don’t want to see camps flourish any more than the miners do. They want to bring their families to residential centres where they can have a great way of life for their families. They want to be able to commute quickly and safely to work and home.
The mining companies are not interested in hearing from developers that have blocks of land for sale. We need to approach them as a regional body to ascertain their needs and take steps to fulfil them. For example a 90 seater plane could land at our small plane airport if the runway was 150 metres longer. Is this something that would appeal to the mining industry in order to be able to fly in fly out workers?
Lots to think about and much work to do, however, we can’t miss the opportunity to take a proactive approach and get involved. We need representation and a plan.
I hope to be able to tell you soon that we have achieved that.
Rob Tyson
Principal
Harcourts Airlie Beach"
Hoping to hear that things will be picking up in the area. There is a lot of talk up there regarding industry about to boom but seems to be rather quiet still on the property market. I have been holding property in Bowen for a while now and will sit on it for a while longer to see what happens in the area.
Bowen updates?
Does anyone have any further updates on Bowen prospects? I'm also holding an IP in Bowen - waiting, waiting, waiting for this potential boom people have been talking about for years.
I found a few articles:
http://www.theaustralian.com.au/bus...st-with-the-most/story-fn9656lz-1226121442540
http://www.townsvillebulletin.com.au/article/2012/01/21/299271_real_estate.html
All sounds very promising, but I'm not sure if it's just all talk.
PS. Does anyone know a good Property Manager in Bowen?
Does anyone have any further updates on Bowen prospects? I'm also holding an IP in Bowen - waiting, waiting, waiting for this potential boom people have been talking about for years.
I found a few articles:
http://www.theaustralian.com.au/bus...st-with-the-most/story-fn9656lz-1226121442540
http://www.townsvillebulletin.com.au/article/2012/01/21/299271_real_estate.html
All sounds very promising, but I'm not sure if it's just all talk.
PS. Does anyone know a good Property Manager in Bowen?
Actually wrote this post on another forum, but it was this thread that bumped my interest to check out how the area was going...
This article is a few months old now, but points to arrears increasing in the Whitsundays:
http://www.northernstar.com.au/story/2011/12/22/airlie-mortgages-in-arrears/
There does seem to be quite a few property transfers that are occuring as 'transfer by third party' which usually indicates a mortgagee sale.
Based on my quick overview of recent data in Airlie Beach it seems unlikely that the market in this area has bottomed and may still take several years to do so, especially if the Chinese slow down continues or gets worse (potential to affect some mining projects).
Some more data and recent sales (note that many sales are even well below prices paid nearly 10 years ago) from Airlie Beach/4802:
Stock on market steady: http://sqmresearch.com.au/graph_stock_on_market.php?postcode=4802&t=1
Vacancy rates have fallen steadily since early 2011: http://sqmresearch.com.au/graph_vacancy.php?postcode=4802&t=1
According to REX prices fell substantially in 4th quarter 2011, however I'd imagine this result could be heavily skewed by a low number of sales.
http://www.onthehouse.com.au/rex_home/?State=QLD&Suburb=AIRLIE+BEACH&Postcode=4802
Some recent sales:
35 Raintree Place, AIRLIE BEACH QLD 4802
21/02/2012 Government Notified Sale (Transfer by Third Party) Vacant $145,000
02/09/2004 Government Notified Sale (Normal Sale) Vacant $390,000
12/2 Nara Avenue, AIRLIE BEACH QLD 4802
06/02/2012 Government Notified Sale (Normal Sale) Multi-unit $350,000
15/09/2004 Government Notified Sale (Normal Sale) Multi-unit $423,000
32 Airlie Crescent, AIRLIE BEACH QLD 4802
30/01/2012 Government Notified Sale (Normal Sale) Dwelling $735,000
07/10/2003 Government Notified Sale (Normal Sale) Dwelling $950,000
3/18 Golden Orchid Drive, AIRLIE BEACH QLD 4802
19/01/2012 Government Notified Sale (Transfer by Third Party) Multi-unit $173,500
12/09/2003 Government Notified Sale (Normal Sale) Multi-unit $295,000
13/15 Flame Tree Court, AIRLIE BEACH QLD 4802
10/01/2012 Government Notified Sale (Normal Sale) Multi-unit $800,000
12/02/2008 Government Notified Sale (Normal Sale) Multi-unit $950,000
19/115 Shingley Drive, AIRLIE BEACH QLD 4802
09/01/2012 Government Notified Sale (Normal Sale) Multi-unit $198,000
10/08/2009 Government Notified Sale (Normal Sale) Multi-unit $285,000
10/15 Raintree Place, AIRLIE BEACH QLD 4802
23/12/2011 Government Notified Sale (Normal Sale) Vacant $252,000
24/02/2005 Government Notified Sale (Normal Sale) Vacant $665,000
45 Airlie Crescent, AIRLIE BEACH QLD 4802
24/11/2011 Government Notified Sale (Normal Sale) Dwelling $600,000
18/04/2005 Government Notified Sale (Normal Sale) Dwelling $930,000
10/03/2004 Government Notified Sale (Normal Sale) Dwelling $510,000
16/17 Raintree Place, AIRLIE BEACH QLD 4802
26/10/2011 Government Notified Sale (Normal Sale) Vacant $200,000
27/12/2004 Government Notified Sale (Normal Sale) Vacant $440,000
This article is a few months old now, but points to arrears increasing in the Whitsundays:
http://www.northernstar.com.au/story/2011/12/22/airlie-mortgages-in-arrears/
There does seem to be quite a few property transfers that are occuring as 'transfer by third party' which usually indicates a mortgagee sale.
Based on my quick overview of recent data in Airlie Beach it seems unlikely that the market in this area has bottomed and may still take several years to do so, especially if the Chinese slow down continues or gets worse (potential to affect some mining projects).
Some more data and recent sales (note that many sales are even well below prices paid nearly 10 years ago) from Airlie Beach/4802:
Stock on market steady: http://sqmresearch.com.au/graph_stock_on_market.php?postcode=4802&t=1
Vacancy rates have fallen steadily since early 2011: http://sqmresearch.com.au/graph_vacancy.php?postcode=4802&t=1
According to REX prices fell substantially in 4th quarter 2011, however I'd imagine this result could be heavily skewed by a low number of sales.
http://www.onthehouse.com.au/rex_home/?State=QLD&Suburb=AIRLIE+BEACH&Postcode=4802
Some recent sales:
35 Raintree Place, AIRLIE BEACH QLD 4802
21/02/2012 Government Notified Sale (Transfer by Third Party) Vacant $145,000
02/09/2004 Government Notified Sale (Normal Sale) Vacant $390,000
12/2 Nara Avenue, AIRLIE BEACH QLD 4802
06/02/2012 Government Notified Sale (Normal Sale) Multi-unit $350,000
15/09/2004 Government Notified Sale (Normal Sale) Multi-unit $423,000
32 Airlie Crescent, AIRLIE BEACH QLD 4802
30/01/2012 Government Notified Sale (Normal Sale) Dwelling $735,000
07/10/2003 Government Notified Sale (Normal Sale) Dwelling $950,000
3/18 Golden Orchid Drive, AIRLIE BEACH QLD 4802
19/01/2012 Government Notified Sale (Transfer by Third Party) Multi-unit $173,500
12/09/2003 Government Notified Sale (Normal Sale) Multi-unit $295,000
13/15 Flame Tree Court, AIRLIE BEACH QLD 4802
10/01/2012 Government Notified Sale (Normal Sale) Multi-unit $800,000
12/02/2008 Government Notified Sale (Normal Sale) Multi-unit $950,000
19/115 Shingley Drive, AIRLIE BEACH QLD 4802
09/01/2012 Government Notified Sale (Normal Sale) Multi-unit $198,000
10/08/2009 Government Notified Sale (Normal Sale) Multi-unit $285,000
10/15 Raintree Place, AIRLIE BEACH QLD 4802
23/12/2011 Government Notified Sale (Normal Sale) Vacant $252,000
24/02/2005 Government Notified Sale (Normal Sale) Vacant $665,000
45 Airlie Crescent, AIRLIE BEACH QLD 4802
24/11/2011 Government Notified Sale (Normal Sale) Dwelling $600,000
18/04/2005 Government Notified Sale (Normal Sale) Dwelling $930,000
10/03/2004 Government Notified Sale (Normal Sale) Dwelling $510,000
16/17 Raintree Place, AIRLIE BEACH QLD 4802
26/10/2011 Government Notified Sale (Normal Sale) Vacant $200,000
27/12/2004 Government Notified Sale (Normal Sale) Vacant $440,000
