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 economySome 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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