Karratha and surrounding towns are set for a boom again IMO.
Stock running out quickly and Real Estates cant keep up, Houses are selling fast. This has only really started happening in the past 2 weeks after the Gorgon announcement.
A block was in the paper today 500m2 for 325,000 and it was the only one for sale in a town with a population of 15,000 people. Amazing...
3 Bedroom Townhouses are selling for $530,000 and are rented out for $1200-$1300 per week. Not a bad return.
Plenty of work here and big things planned for the town so I can't see it going backwards in a hurry.
karratha property prices are set to boom again
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