[hmm]just wondering if anyone has ever bought in areas where they are going to build a windfarm?
Heard that workers come to the area and rent homes for up to 2 years while the building occurs. Would that be correct?
Thanks, Diane
i saw a programme a while ago on abc. the locals were complaining about the noise. the company who had put the wind thingys up said there was no noise, but the programme showed that there was a very annoying humming/whistling sound.
the locals were not happy!, complaining that the price of their houses had gone down etc.
i would suggest you speak to the locals before buying in an area like that, if only for peace of mind.
cheers
shaunLead, Follow or get out of the bloody way
think they were gonna build more (they already have some at bald hill) down near walkerville in south gippsland but they got a environmental guy in to say that they were a danger to the birds in the area….
i personally dont see a problem with it..
as to whether rents go up – who knows?? the coastal areas are experiencing huge building booms bringing in tradespeople from the city so you wld imagine the market for long terms rentals shld already be healthy..
Fascinating concept, let me know how it goes.
Hi Diane,
We live near a windfarm (12 towers all 100m high to the highest elevation) that overlooks the southern ocean.
As Shaun indicated construction of a windfarm in coastal areas is somewhat controversial and a lot of opinionated people emerge from the trenches. We had people saying the oscillation of the fans was at the right pitch to scare the migratory whales, birds running into the blades and the eyesore was goint to be something to beholden.
Three years on and it seems someone forgot to tell the whales they were supposed to be scared off, the birds steer clear and the bloody tourists come to take photos and look at parts of the coast that were previously inaccessible.
Yes there is a swooshing sound as the blades rotate but it is a low resonance and is hardly audible unless you are in very (and I mean very) close proximity.
As for construction worker housing “Heard that workers come to the area and rent homes for up to 2 years while the building occurs. Would that be correct?” – a lot of the labouring type work was done by locally employed people and the experts only visited when required.
I would also argue that 2 years is a short time frame for an investment anyway – the more important consideration is what are the long term return and/or growth prospects?
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Diane
I’ve used the stategy of buying where wind farms were planned on the expectation that i would see some capital growth. I purchased 2 homes in Millicent SA, one 15 walker st i purchased for 53k in 2002 and sold it for 93k 12 months later. (its probably worth more now but i’ve invested my cash in nz and am very happy). The other one 10 stark st was a similair return, so 70% in 12 months isn’t bad, i’m not sure how much can be attributed to the wind farm and how much to the nation wide price growth ???
Anyway i encourage you with the stategy as i use it all the time. Whether it is wind farms in Millicent, Ararat Vic, Portland Vic or other projects such as the planned 1 billion dollar Mineral Sands project near Hamilton in Vic, any new development that will create jobs has got to0 help the local housing market not only in capital; growth but also rental growth.
I used to keep info on the plans for many areas in Victoria and SA, PM me if you want to see it. It is a bit old now (1 year old)as i haven’t been interested in buying in OZ for over 12 months and all my time is spent investigating NZ now.so i’ve found the stategy to work so all the best, still obviously do all the checks you need to
regards westanI live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
They announced another 80 million dollars to go into the Mineral Sands project…a couple of weeks ago!
Also the Portland I will follow closely to see what it does to real estate as a projest, with the wind towers going up.
Two years work doesn’t sound like very much though, guess it deppends on the size and the scale of the windfarms?
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