Does anyone have an up to date opinion on Roxby Downs?
We’ve all seen the news that BHP announced a half-yearly profit of $10.56b is investing 80billion in growing it’s assets. The Olympic Dam expansion is on track to be given the go ahead sometime around the end of the year or early 2012. If that fails then the mine will still operate, but property prices will go down and vacancy rates will go up. Demand for property at the cheaper end will be the most popular. Roxby Downs has a 0.3% vacancy rate. The towns existence is dependent on the mine. Once it closes, the town will cease to exist. Olympic Dam is the world’s largest copper and uranium mine with expansion plans to make it the largest open cut mine in the world. Once that happens property values in Roxby Downs will take off again.”
We’ve all seen the news that BHP announced a half-yearly profit of $10.56b is investing 80billion in growing it’s assets. The Olympic Dam expansion is on track to be given the go ahead sometime around the end of the year or early 2012. If that fails then the mine will still operate, but property prices will go down and vacancy rates will go up. Demand for property at the cheaper end will be the most popular. Roxby Downs has a 0.3% vacancy rate. The towns existence is dependent on the mine. Once it closes, the town will cease to exist. Olympic Dam is the world’s largest copper and uranium mine with expansion plans to make it the largest open cut mine in the world. Once that happens property values in Roxby Downs will take off again.”