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  • Profile photo of ssimpson2003ssimpson2003
    Member
    @ssimpson2003
    Join Date: 2011
    Post Count: 2
    September 5, 2011 - 10:07 am
    Portfolio PI wrote:
    Hi Stu,

    heres our suburb snapshot of Emerald, although it will be updated shortly. Also read my blog as it will have a lot on the Bowen Basin over the next 2 weeks especially. http://www.portfoliopi.com.au/SUBURB%20PROFILE%20EMERALD.pdf

    Development Register:
    The latest Central Highlands Development Register was released in July. It shows some key figures of investment into this booming Central QLD region including:
    • $84.7 million investment for community infrastructure
    • $45.5 million in retail shop developments including newly announced Harvey Norman
    • $5.8 billion of corporate capital investment into mining ventures around the Emerald township.
    • 3,100 direct new jobs in the above projects
    • $16 billion of new projects planned for Alpha (150km West of Emerald). Emerald is planned as the “hub” for these mines according to the Environmental impact statements released.
    • 10,680 proposed new jobs for the operation workforce of the above projects in Alpha where, according to the EIS’s, 15% of the direct workforce will reside in Emerald. This figure is expected to grow as housing becomes available.

    Housing in Emerald is accommodating local people who work and reside in the area, not fly in fly out. They will DIDO and BIBO to the mines for their entire shift week or just the day depending on which place they work. The motels etc accommodates a large number of FIFO workers also, however, mainly contractors.

    Put bluntly, all trends are showing increasing signs of people, wages, job vacancies, houses, rental prices and capital values.

    Doe this help?

    cheers,

    Absolutely, thanks a million Josh, this gives me a great stating point in my DD.  I look foward to exploring this further and will no doubt be back with more questions. :) cheers
     

    Profile photo of ssimpson2003ssimpson2003
    Member
    @ssimpson2003
    Join Date: 2011
    Post Count: 2
    September 5, 2011 - 8:45 am

    Hi All

    Long time lurker first time poster! :)

    I have to commend you all on a great thread! I've been reading with interest.

    Myself, I'm quite curious about Emerald and have just commenced some due dilligence into the area.  Just wondering, other than the information already posted does anyone have any recommended reading?

    I'm very interested job statistics and mine worker demographics.  Josh, as someone familiar with the area, are most of the mine workers in the area:
    a) living in Emerald and FIFO or DIDO to work? 
    b) flying into Emerald from other parts of Oz, living there during their shift periods and commuting out mines?  
    c) Are they merely flying into Emerald on their way out to mines with Dongas?   

    Also has anyone noticed and particular trends in the area in terms of shifting demographics, job advertisments, private or public invetsment other than that breifly mentioned earlier?

    Finally, thanks to Keystrategy for posting that article about the Caval Ridge FIFO decision.  When you say reading between the lines, are you refering to Andrew Fraser's comments?  If so what locations do you believe will be the biggest winners and losers if this is an indication of what's to come?

    Thanks for your help,
    Stu

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