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just thought with james price point being soo close
looks like i may look at darwin instead but i do feel broome will have significant rise this year!
Dont know guess i just want maximum return from my purchase a little bit of analysis paralysis kicked in last week but after visiting the place over the weekend i think theres alot of potential.
Ive decided to go through with my gut feeling the gas plant being built is far closer to town than most people think! And rents are already well up there.
If Anyone can recommend a good builder building 3x2s or 4x2s under 550k PM Me!!
Just stumbled across this post and thought I'd weigh in. The gas plant will be located 60km north of Broome and will be built by a majority of FIFO workers, up to 97% to be precise so there won't be as high a demand for housing in Broome as we've seen in places like Karratha. If you do a few searches on google you will find that the local government is very much against the project and has insisted that as much of the workforce as possible be FIFO and that the camp be located well away from Broome itself so as not to affect the tourism industry of the area. They have even requested that incoming and outgoing workers wear civilian clothes so as the airport doesn't become a sea of yellow and orange shirts like the towns of Port Headland, Karratha, Moranbah etc.
I'm not saying there won't be positive financial effects on the property market there but it may be worth doing a little more research before jumping in.
crazy huh? turn away oil and gas money so the backpackers don't get upset. with any luck we can just get a FLNG plant built up singapore way, we could even FIFO the workers from indonesia, that way no locals would have to work on the project, the millions of kms of red dirt and beaches can remain as is and we can wish away our resources to foreign dividend streams
That's about 360km/h out to the plant (where it gets built).
Be more worried about the speeding traffic or the high speed rail.
Who is Mr Bennett?
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Can't see Broome in the diagram. Also, thought it was right on JPP, but is is actually between the two points, on a beach. Interesting, never heard this before.
I spent 8 years diving for Paspaley out of Broome. It's probably the only town in northern WA that most people would actually want to live in. Not too sure if we will see the capital gains of the 1990s however given the state of the dollar on local tourism and pearling. Also, most of the hold up on new land releases have been resolved now (hence Broome north etc).