G'day guys,
Just had a quick trip down the West coast to Broome, Karratha, Dampier etc. I couldn't believe some of the prices / rents offered in this part of the world. A couple of quick examples from the "Pilbara News".
For Rent
Karratha - 4 x 2 - $2500 per week
Karratha - 2 x 2 - $3900 per month
Dampier - 3 x 1 - $1300 per week
For sale
Karratha - 4 x 2 - $1.15m (Renting at $104k pa)
Karratha - 3 x 1 - $750000
While this is too rich for my blood, I would be interested to see if anyone here believes this is sustainable for the long term. There seems to be construction going on everywhere. I even had a tour of Woodside; the level of mining and associated revenue is absolutely staggering, as well as the amount of research being conducted into new oil and gas fields. According to Woodside, they will be providing their products for many years to come. Interested in the thoughts of others.
Phil
Just had a quick trip down the West coast to Broome, Karratha, Dampier etc. I couldn't believe some of the prices / rents offered in this part of the world. A couple of quick examples from the "Pilbara News".
For Rent
Karratha - 4 x 2 - $2500 per week
Karratha - 2 x 2 - $3900 per month
Dampier - 3 x 1 - $1300 per week
For sale
Karratha - 4 x 2 - $1.15m (Renting at $104k pa)
Karratha - 3 x 1 - $750000
While this is too rich for my blood, I would be interested to see if anyone here believes this is sustainable for the long term. There seems to be construction going on everywhere. I even had a tour of Woodside; the level of mining and associated revenue is absolutely staggering, as well as the amount of research being conducted into new oil and gas fields. According to Woodside, they will be providing their products for many years to come. Interested in the thoughts of others.
Phil