Great New Year Start for Western Australia (WA)

News / Great New Year Start for Western Australia (WA)

$5 Billion Iron Ore Mine Plan in Pilbara

One of New Zealand’s biggest private companies, Todd Corporation has signed a State Agreement with WA Government that will pave the way for a $5 Billion iron ore project in the Pilbara. This will create more than 3000 jobs during the construction phase and 900 workers would be recruited during profuction if Todd Corporation pressed the button on the “Balla Balla Project”.

The prices of iron ore has almost doubled since 24 months ago (At the close 23 January 2017, $79.69 US/Tonne)

Iron Ore

The State Government believes that the jewel in this project is the infrastructure project which could unlock lots of stranded iron ore deposits in the Pilbara which now have no way of getting to the market.

This will be provide a huge boost for the region in terms of jobs and confidence. We will see an increase of demand in rental properties again in Perth due to the increase of FIFO workers if this plan is being pressed forward.

Contact us today if you are looking for great investments properties or house and land packages in Perth as we have quality stocks available.

The World Trade Centre Perth Proposal

A wealthy Jordanian businessman (Mr Ghazi Abu Nahl) proposal for a Word Trade Centre in Perth has received stage one approval from the State Government. The proposed $1.85 Billion complex includes a 75 storey tower, Convention centre, a mall, shopping precinct, hotel, office and apartments.

The project would be built next to Perth’s main railway station and over adjacent and to railway lines east of the station.

World Trade Centre Perth

“World Trade Centre Perth is proposing a development that will involve an iconic architectural design to showcase Western Australian capabilities and commercial opportunities, connecting Perth to 327 World Trade Centre locations around the globe,” WA Premier Colin Barnett said.

(Photo: A view of the proposed World Trade Centre from Beaufort St & Roe Street in Perth supplied by WA Government)