WHY INVEST IN CHINCHILLA :
There are 40 major infrastructure projects underway in the Surat Basin, committed or proposed with an estimated value of close to $200 billion,The projects are JUST BEGINNING and have life spans estimated of between 50 and 250 years (so this is a boom with no bust)
80% of these projects are within one hour drive of the town of Chinchilla
Mining and Energy companies require their staff to live within 1 hour of their worksite.The region is not reliant on one particular industry (unlike other areas), meaning SECURITY for investors.
The major industries driving the boom are gas, coal, power, solar, coal seam gas, water, liquefied natural gas (LNG), agriculture, manufacturing and rail.
It is not just the 40 major projects and $200 billion dollars that impacts housing demands, it is the flow on affect of support services adding to the list of those needing housing.
It is expected that 42,000 new workers will be required to service the region.
The annual growth in median house prices in Chinchilla has averaged an incredible 16% over the past 10 years.
Independent research shows a rental vacancy for Chinchilla of 1.3% (SQM Research July 2011). A vacancy rate of under 4% indicates an undersupply.
KEY DRIVERS :
LNG Projects
Major infrastructure upgrades
Coal Mining
Power Stations
Coal seam gas
MAJOR COMPANIES IN THE AREA :
Power stations: CS Energy, Origin,QGC and Newgen Power
Coal: Xstrata, Anglo, New Hope,
Peabody, Cockatoo, Tarong Energy
Coal seam gas: Qld Gas/Britiah Gas,
Origin/Conoco Phillips, Santos/
Petronas and Arrow/Shell
Coal gasification: Linc Energy, MetexResources and Cougar Energy
Missing link rail: Qld Rail, Xstrata,
Anglo and two private companies
Drilling services: Easternwell, LucasMitchell and Atlas Drilling
Woolworths: Under Construction
McDonalds: Coming Soon
Property Code: 2005870123