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(image: Mid West Major Projects Summary December 2011)

Hi,
 
$27 Billion in investment and 13,000 jobs, but where are the houses going to come from??
 
Have a look under residential development in the following link. Other than some fancy units at the marina, a retirement village and Seacrest Estate, no one else has any applications to develop residential housing;

 
Happy days for Geraldton investors.
 
Merry Christmas
 
Chris Halpin
0438 833262
www.estatesforsale.com.au  

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Hello,

 
Every day I read the papers and find more good news for WA investors (Geraldton, in particular) as follows:
 
New school for Seacrest Estate
 
Western Australia's economy grew by 8.4 per cent in the September quarter, the fastest state growth ever recorded by the Australian Bureau of Statistics
 
Geraldton property boom has begun
 
WA accounts for 10% of the countries population by ½ the economy
 
Regions strike the mother load as mining boom bites
 
Some will make a fortune, others will read about it years later and say “if only……”
 
To your success.
 
Chris Halpin
0438 833262
www.estatesforsale.com.au 

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Hello,
 
If you have clients interested in investing in QLD they need to jump in very soon or they will miss out on the $10,000 QLD Builders Boost.
 

Please see the following link from the API for more info;

$10,000 building grant buyers must act now

With the Christmas break only 1 week away, as you know everything will shut down for at least a week, but more likely 2 weeks. So if your client then pays a holding deposit on a QLD investment property in the second week of Jan, they need the builder to prepare and send the building contract, your clients to sign and return for the builder to counter sign before the end of  January. While this is possible it rarely happens that quickly. So please send the word out.
 
Call me any time to discuss.
 
To your success.
 
Chris Halpin
0438 833262

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Hello,

 
The majority of you have seen what happened in Gladstone. When I started recommending investing there the house and land packages were selling for $420K and renting for $420 per week. As you probably now know this is now the hottest property market in the country and those $420K investments now sell for $550K and rent for $700 per week.
 

Well I have been banging on about it for around 6 months now property prices are on the move in Geraldton WA. Please see the following article from the local Geraldton paper yesterday;

Property Boom is On

I started selling investments in Seacrest estate in Geraldton at $450K with rent of $450 per week. A massive benefit to buying a house and land package in Geraldton is that the these $450K house and land packages sell for around $500K as a completed product. This dynamic didn’t exist in Gladstone.
 
The market is moving now, don’t miss the boat!!
 
To your success.
 
Chris Halpin
0438 833262
www.estatesforsale.com.au

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Hello,

 
I hope that you had a good weekend.
 
There was a great article in The Australian that I wanted to share with you. It’s about Australia’s changing population shift from cities to booming regional centres. Please read when you have a moment.
 
Regions strike the mother load as mining boom bites
 
If you don’t have time to read the article the following are a couple of sentences from it.
 
"It's lifestyle v commodities," says Tim Lawless, research director at RP Data property analysts. "And, yes, I do absolutely think there'll be a population move, especially to major regional service centres, like Mackay, which services the Bowen Basin coal reserve."

For Western Australia, Haratsis names the main growth areas as Karratha, Port Hedland, Geraldton, Newman and Kalgoorlie. Of these, Geraldton has the cheapest housing, something that will be only a memory once the $5 billion Oakajee port and rail project gets approval.

To your success!!

Chris Halpin
0438 833262
www.estatesforsale.com.au  

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History has proven that when any of the above are in short supply for an extended period, prices are forced upwards. In almost every Australia newspaper there are articles about record levels of investment in the mining boom on a daily basis. These articles usually sit right alongside articles about how the rest of the economy is struggling.

Please see the following;

Divide grows in boom bust economy
 
Some people will make a fortune during these next few years of uncertainty, others will read about it years later and say “if only we had of……”.
 
Supply and demand!! Money doesn’t disappear, it flows like water. And its currently flowing like a flooded river from our traditionally strong major city housing markets into regional cities servicing the resources boom.
 

Bad news leads to a crisis in the construction industry

That article would sound very familiar to builders in most parts of our country, but not in central QLD and WA. In those areas there simply are not enough builders and laborer’s to meet demand. This problem is so critical that the WA and QLD governments are trying to poach skilled workers from each other and the other states. With an expected 170,000 workers needed in coming years in both states, where do you think there will be highest demand for housing? And this demand won’t come from people struggling to make ends meet, their incomes may well be double the national average.

 
So has there ever been a more predictable time for choosing regions that should have above average property price growth? Maybe there has, but I wasn’t aware of it. Those that have seen these signs before are either very wealth or are kicking themselves.
 
So what horse do you want to jump on??
 
$9 Billion dollar coal port expansion
 
Record resource investment spending of $231 Billon
 
Miners wages growth double the national average
 
Australia’s outlook rosy amid the gloom
 
The mining-rich state of Western Australia accounted for much of the increase.
 
Gladstone housing boom continues
 
Gladstone QLD’s highest median sales value in Sept
 
Demand for workers to soar in regional QLD
 
To your success!!
 
 
Chris Halpin
0438 833262
www.estatesforsale.com.au 

 

 

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