BOWEN PROPERTY INVESTMENTS.
Investment Property For Sale
Location
Bowen is located on the north-east coast of Australia, at exactly twenty
degrees south of the equator. In fact, the twentieth parallel crosses the
main street. Bowen is halfway between Townsville and Mackay, and 1,130
kilometres by road from Brisbane.
Bowen sits on a square peninsula, with ocean to the north, east, and south.
On the western side, where the peninsula connects with the mainland, the Don
River’s alluvial plain provides fertile soil that supports a prosperous
farming industry.
Overview
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Fastest projected household growth in Australia Mining investment to 2020 estimated to be in excess of $142 billion with 40,000 workers directly employed Business investment in Queensland in 2011-12 is forecast to surge by a nation leading growth of 27.75% Queensland had the highest long-term average economic growth rate over 20 years of any Australia state and territories $34.4 billion in resources projects in planning or under construction in Mackay Whitsunday Region Port of Abbot Point a major resources export facility with over $9 billion in planned expansion of port Historically one of the largest agricultural regions in Queensland Bowen State Primary School and Bowen State High School located in town One hours’ drive from Whitsunday Islands Bowen Hospital and Centrepoint Plaza Shopping Centre Regional airport servicing major regions
Demographics |
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Mining / Resources Sector Construction Retail Trade Accommodation & Food Services Manufacturing Agriculture |
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Mining Tad’s Corner Alpha Open Cut Coal Mine (Hancock Coal Pty Ltd) |
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Private Investment: $3.4 billion Estimated Completion: 2016 • New open cut coal mine producing 30 million tonnes per annum (mtpa) when at full capacity • Tad’s Corner Alpha Open Cut Coal Mine: 1,535 workers (Construction) + 1,200 workers (Operational) |
| Caval Ridge Mine Project (BHP Billiton Project) | |
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Private Investment: $1.5 billion Estimated Completion: 2014 New open cut coal mine forecasted to produce 10 mtpa. Coal to be transport via rail to Port of Abbot Point near Bowen Byerwen Open Cut Coal Mine: 500 workers (Construction) + 1,000 workers (Operational) |
| Port of Abbot Point Terminals 2 & 3 Expansion (North Queensland Bulk Ports Corporation) | |
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Private
Investment: $5 billion Estimated Completion: TBA Phased development of the coal export capacity at Abbot Point Coal Terminal beyond (X50) upgrade. Shipping between 110 – 120 mtpa. Port of Abbot Point Terminal: 600 workers (Construction) |
| Goonyella to Abbot Point Rail Expansion Project (QR National) | |
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Private
Investment: $1.1 billion Estimated Completion: 2012 Queensland Rail’s 69 km rail link between the North Goonyella and Newlands rail systems in the northern Bowen Basin coalfields. Goonyella to Abbot Point Rail Extension: 800 workers (Construction) |
| Retail Trade | |
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Caneland Central Expansion (Lend Lease) |
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Private
Investment: $220 million Estimated Completion: Completed Expansion of existing major retail centre including high grade retail, forecourt dining and compatible entertainment uses. Gross Lettable Area Retail to grow from 38,000 sqm to 66,000 sqm Estimated to create 1,000 new jobs (500 full time jobs) |
| Inspire CBD (Pointglen Development) | |
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Private
Investment: $170 million Estimated Completion: 2012 Mixed use office, retail and residential precinct. 149 room hotel and 130 residential unit & townhouse development |
Accommodation Bowen Marina (JAG Marine Group & Asset Loan Co. ) |
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Private
Investment: $400 million Estimated Completion: TBA Boat harbour to be transformed into a vibrant facility boasting a residential village, tavern, retail precinct, offices and new floating berths. |
| Whitsundays Shores (Aspen Group) | |
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Private
Investment: $750 million Estimated Completion: 2030 Residential estate with 669 lots including country club, retail precinct, retirement village and 18 hole golf course designed by Adam Scott |
Manufacturing Abbot Point State Development Area (Queensland Government) |
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State
Investment: $5 billion Estimated Completion: Mid 2012 6,000 hectares of land acknowledged as a State Development Area Industrial area designed for large scale development of industrial projects |
| Project Iron Boomerang (East West Line Parks) | |
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Private
Investment: $6.4 billion Estimated Completion: 2015 Establishment of first stage iron and steel smelting parks near Newman Fortescue River Valley in Western Australia (WA) and at Abbot Point Precinct in Queensland (QLD) (near Bowen, N-Qld), linked by a new heavy gauge railway line |
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Agriculture Guthalungra Prawn Farm (Pacific Reef Fisheries Pty Ltd) |
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Private
Investment: $40 million Estimated Completion: TBA Development of 260 hectares of grow out pounds, a seafood processing plant and auxiliary infrastructure. 1,650 tonnes of prawns per annum output Estimated to inject $29 million per annum to the economy |
Property Market Activity |
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Vacancy rate
tightened by 34% from January 2012 to March 2012 37% increase in residential house prices over the past ten years Long term growth trend of 15.7% 4% higher proportion of renters in the past five years Median rents for houses in Bowen increased by 44% in the past ten years Households in Bowen paid 6% less in proportionate mortgage repayments than the Queensland average |
Vacancy Rate Median House Price Growth Outlook Hotspotting.com.au “One of
Queensland’s strongest regional centres is poised for a market comeback.
Mackay, which experienced many years of strong growth during the pre –
GFC resources boom, is starting to feel the impacts of the new growth in
the mining sector” |
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Sea Change:
Increased levels of demand for real estate located close to the idyllic
Coral Sea Centrality: Demand for properties with proximity to amenities and/or major arterial routes Target affordable packages: Properties below the $550,000 price point has experienced highest levels of demand in the last six months Size: Three to four bedroom houses currently in demand |
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8 Vital Signs |
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Robust
economic growth Substantial capital investment Key infrastructure & facilities Population growth increasing Affordability Demand for housing Tight vacancy rates Strong rental yields |
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Source: www.wealthworks.com.au |
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