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25 July 2008

Mining Activity in Queensland

As we all know, Queensland is rich with mining deposits and there are incredibly high levels of current and planned activity for central and northern Queensland.

The demand for real estate as a result of mining activity are both direct and indirect.
Example:The two projects planned to commence in the Dysart area in 2009 (Central Queensland) will have a direct impact on housing in Dysart itself. Currently, there are only 4 properties for sale in Dysart itself for an average of around $430k. The two projects bring an additional demand for a workforce of 940 people to a town which has a current population of around 3,500.

However, it is also likely to impact demand for property in the neighbouring areas - Moranbah, Clermont, Emerald, as well as Mackay and Rockhampton. You're also likely to see an increased demand for industrial and storage in the area.

The abareconomics website is a good resource to help familiarise yourself with current and planned mining activities. The list includes the actual excavation projects, as well as the infrastructure projects to support them. The detail includes project names, companies involved, location, progress, estimated commencement, type and value of product extracted, capital expenditure and workforce size.

As always, Gladstone is the one to watch with 21 listed projects and a staggering anticipated demand for housing in the area over the next 10 years.

Visit the abareconomics website for more information, or call 1300 727 586 to talk to us about the relationship between these projects and local housing demand in the neighbouring areas:
Yours in property!

1 comment:

Cris said...

I dont remember the resource but its said that every professional job that is generated in an area there are 4.2 service related jobs created.