Mining Projects

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The Central Highlands region is starting to look a lot more positive off the back of rising coal prices and increased employment opportunities in the region, according to HTW’s February 2017 update.
The valuation firm says Moranbah is leading the charge with a jump in value up to 20% over the past three months for some market segments.
Clermont is coming second and Emerald in third place where a jump of $20,000 in some segments and movement in some price ranges where there was no activity.
“While coal prices stay up or continue to rise history shows it drives employment and values begin to firm,” HTW says.
“It may surprise some but it’s been five years since the downturn started.”
In 2016, values levelled and 2017 has started off with level to firming values, renewed confidence and employment opportunities.
The Adani project has not commenced construction, but if it does, what is already a strengthening mining sector could see a significant spike in values, HTW says.
“How far values will rise all depends on the strength of local employment generated from the resource sector, but for now it appears we are on the upward property cycle.
“Many say we will never again see the prices experienced in the last boom which peaked in 2011 and 2012 and proved to be unsustainable.
“Are we at the start of a small upward cycle or a big boom? Only time will tell as our market is very sensitive to the coal market which drives our employment.”
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-moranbah-124575214" target="_blank">11 Menzies Court</a>, Moranbah (above) has been listed for $345,500.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-moranbah-124581402" target="_blank">2/22 Maitland Street</a>, Moranbah (below) has been listed for $189,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/20/2_22%20Maitland%20Street.jpg" alt="">
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Moranbah and Emerald may be on the cusp of new boom: HTW

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GUEST OBSERVER
The construction sector is a source of weakness as work on major mining projects nears completion.
This was apparent in 2015, with a soft end, -3.6%qtr, to a soft year.
This is the third consecutive year of decline: -2.2%yr December 2013; -5.9%yr December 2014; and -4.3%yr December 2015.
In Q4, the upswing in home building activity provided only a partial offset to mining sector weakness, as did the emerging upswing in public infrastructure, centred on transport projects.
Construction activity will subtract around 0.4ppts off Q4 GDP, a bigger hit than we anticipated, around -0.25%.
By state, weakness in Q4 was understandably centred in the mining jurisdictions: –17.7% NT; –9.5% WA; and to a less extent Qld, –1.4%.
Work was resilient in NSW, +0.2% and advanced in Victoria, +1.1%.
Details
Total construction                –3.6% Private construction            –4.6% Public construction             +1.2%
Private - by segment
Infrastructure                        –13.9% Dwelling, new                      +3.6% Dwelling renovations          –1.0% Non-res. building                 +4.6%
Public - by segment
Infrastructure                        +3.9% Building                                 –6.9%
Andrew Hanlan is senior economist for Westpac and can be contacted <a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/andrew-hanlan/3/222/430" target="_blank">here</a>. 
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