Ausprop, will my investment property in little old Bunbury boom as well? Even though the action is taking place elsewhere in WA? 
Gorgon getting closer....
- Thread starter Ausprop
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Ausprop, will my investment property in little old Bunbury boom as well? Even though the action is taking place elsewhere in WA?
when did you buy it?
if you picked it up in 2008 you could very well have a little ripper on your hands.
the south west has enormous growth potential. a lot of workers chose to base themselves there. Busselton is popular as well because of the airport plus obviously with the new freeway extension it is now a lot 'closer' to Perth.
during the last boom pretty much everything took off. this boom is promising to be bigger and I think we are less prepared for it
during the last boom pretty much everything took off. this boom is promising to be bigger and I think we are less prepared for it
Blue Card, yeah I picked it up in early 2008 though. In Dalyellup. I hope it'll be a ripper hehe...
Ausprop, I hope it's the mother of all booms... but as you know, 2006 was WA's boom. Looking back in history, has a state ever had 2 booms in a row? And in such a short space of time?
Ausprop, I hope it's the mother of all booms... but as you know, 2006 was WA's boom. Looking back in history, has a state ever had 2 booms in a row? And in such a short space of time?
I believe BHP's Olympic Dam expansion will go ahead, though the time frame is still not known. BHP uses the term if it will go ahead a lot but I think that's just more a negotiating tool for them with the SA Govt. Would be pretty hard to ignore one of the largest base metal resources in the world and not progress it quicker/further with open pit etc.
Fair few other projects on the cards in SA as well. Off the top of my head I'm pretty sure Ozminerals Prominent Hill project kicked off production late last year and will be in for a few ramp ups over coming years.
This is what a local broker and BA is pushing in Surat Basin. He is also pushing investors to purchase using lodoc 80% loans. Will be a bit harder now that they don't exist any more.
I just picked up a block in Bunbury.
Things seem to be hotting up quite nicely, agent is getting a lot of enquiry and moving land. Talking to builders they also say they are busy!
Lots of infrastructure and mining projects in pipeline or filling out over the next few years.
Like:
Coal to Urea Plant
Worsley Alumina Refinery Expansion
Gas Fired Power Station
At least 3 Mineral Sands Mines
Muja South Coal Mine Expansion
Bauxite Mine - Brunswick
Alumina Refinery Expansion
Bluewaters Power Station Project
Binningup Desalination Plant
Bunbury Outer Ring Road
Access Road to Bunbury Port being upgraded
and more...
Quick back of envelope calculations say all those add up to about $10bn in spend over next few years.
(I am not from area so some might be underway or just completed)
I read in the paper today there is a chance of another big project to build some of the gear for Gorgon too meaning millions to local economy.
Longer term Colin Barnett has made statements he'd like to move some govt services to Bunbury also.
New freeway made trip to Perth much quicker on the weekend too, exciting times ahead for Bunbury I think.......
Anyway, I'm in!
Let's see how it goes.
Things seem to be hotting up quite nicely, agent is getting a lot of enquiry and moving land. Talking to builders they also say they are busy!
Lots of infrastructure and mining projects in pipeline or filling out over the next few years.
Like:
Coal to Urea Plant
Worsley Alumina Refinery Expansion
Gas Fired Power Station
At least 3 Mineral Sands Mines
Muja South Coal Mine Expansion
Bauxite Mine - Brunswick
Alumina Refinery Expansion
Bluewaters Power Station Project
Binningup Desalination Plant
Bunbury Outer Ring Road
Access Road to Bunbury Port being upgraded
and more...
Quick back of envelope calculations say all those add up to about $10bn in spend over next few years.
(I am not from area so some might be underway or just completed)
I read in the paper today there is a chance of another big project to build some of the gear for Gorgon too meaning millions to local economy.
Longer term Colin Barnett has made statements he'd like to move some govt services to Bunbury also.
New freeway made trip to Perth much quicker on the weekend too, exciting times ahead for Bunbury I think.......
Anyway, I'm in!
Let's see how it goes.
yes - interesting....
see my thread on "WA - are you ready...?"
see my thread on "WA - are you ready...?"
Link me up to your thread
I am super keen to hear how good my latest purchase is going to be lol!
I am super keen to hear how good my latest purchase is going to be lol!
update from Karratha.
Chevron just came through - last week - and put the whole of the Karratha market under offer.
info from 3 locals.
read it and weep, Sydney boys.
Chevron just came through - last week - and put the whole of the Karratha market under offer.
info from 3 locals.
read it and weep, Sydney boys.
"the whole of Karratha under offer"
any further details Blue Card?
any further details Blue Card?
not yet.
Chevron basically did the walk around and put anything that was for sale under offer.
whether it sells or not is one thing, but essentially there is NO STOCK in Karratha now, with a daily (hourly?) growing demand.
Chevron basically did the walk around and put anything that was for sale under offer.
whether it sells or not is one thing, but essentially there is NO STOCK in Karratha now, with a daily (hourly?) growing demand.
interesting.
will have to put a call through to a few mates on the ground and try get some more detail.
if you hear anything else, it'd be good to hear
will have to put a call through to a few mates on the ground and try get some more detail.
if you hear anything else, it'd be good to hear
other than the new land release in Baynton West is "locals first" - not much else really.
just had a chat to a few people up there.
apparently they have leased quite a few homes but most recent sales activity has been from individual investors rather than Gorgon (or a subsidary)
I personally would much rather everyone holds off trying to buy Pilbara property just because they think it's the way to cash in. Think a lot of people may not get out of Gorgon what they expect.
Check out a few of the ashburton council minutes. quite a few applications for temp. accomodation facilites in the shire (inc on Barrow).
anyways, will be interesting to see how it all progresses.
apparently they have leased quite a few homes but most recent sales activity has been from individual investors rather than Gorgon (or a subsidary)
I personally would much rather everyone holds off trying to buy Pilbara property just because they think it's the way to cash in. Think a lot of people may not get out of Gorgon what they expect.
Check out a few of the ashburton council minutes. quite a few applications for temp. accomodation facilites in the shire (inc on Barrow).
anyways, will be interesting to see how it all progresses.
apparantly woodside have a cap of $1750/pw, but they also had one at $1600pw which they were forced to up so take that with a grain of (dampier) salt.
building is so difficult up there and there is such a moron factor to contend with. it's interesting to note that many houses, whilst seeming expensive, aren't selling for much more than replacement. many applications to council are pure fantasy.
building is so difficult up there and there is such a moron factor to contend with. it's interesting to note that many houses, whilst seeming expensive, aren't selling for much more than replacement. many applications to council are pure fantasy.
