Western Australia Over The Next Few Years | Multiply Property Group

Western Australia Over The Next Few Years!!

Last week while assisting a buyer to purchase a property I asked him a number of questions. Asking questions is something I actually enjoying doing. I believe there is never such a thing as a bad or silly question and also think by asking questions we can be imparted with a whole lot of wisdom and or knowledge. My reason for asking this person a question about purchasing was due to the fact that this particular person is in his mid 70’s and is an extremely successful business person, property developer and philanthropist in his own right.

He uses my service mainly because he doesn’t have the time, the knowledge he does have! He shared with me that he wants me to assist him in finding him approximately half a dozen sites throughout the CBD with development potential. Not necessarily to develop straight away, but at least to have the potential to develop if he wishes too, he can then do so at a later date.

So my question was why?

His response was why not?- He believes this is the PERFECT time to buy property in Perth with Billions of dollars being pumped into Projects in our North this is sure to have a positive ripple effect on our economy and thus our property market.

So after speaking to him I thought I would look at what mining projects have been committed in Western Australia and share some of these with you.

In a December 2018 Australian Government report, more than 25 mining projects had reached the committed status, with dozens more going through the feasibility stage. Below is an extract of Projects committed in Western Australia over the next few years. The whole article can be found at-


Western Australia

Gold Road Resources / Gold Fields, Gruyere, Western Australia, gold- $621 Million dollar project expected to produce 300,000 ounces a year over a 12 year life.

St Barbara, Gwalia extension, Western Australia, gold- $100 million dollar project will take upto 3 years to complete and produce 290,000 ounces of gold a year by 2022.

Blackham Resources, Wiluna-Matilda expansion, Western Australia, gold- $114 million and produce 200,000 ounces a year.

Kalgoorlie Consolidated Gold Mines, Superpit expansion Western Australia, gold– KCGM, the joint venture between Newmont Mining and Barrick Gold, is expanding the Super Pit gold mine in Kalgoorlie-Boulder for the first time in a decade.

Fortescue Metals Group, Eliwana, Western Australia, iron ore- The approved development of Eliwana was in May 2018. $1.7 Billion project production to commence December 2020

Mount Gibson Iron, Koolan Island restart, Western Australia, iron ore

Rio Tinto, Robe Valley / West Angeles expansion, Western Australia, iron ore- Rio Tinto and its joint venture partners approved a $1.55 billion investment with first ore expected in 2012.

BHP, South Flank, Western Australia, iron ore– BHP approved the $US3.4 billion investment in the South Flank project in the Pilbara in June 2018. First ore is expected in 2021.

Iluka Resources, Cataby, Western Australia, mineral sands- $275 Million project to develop,  with continued production of 200,000 tonnes per year of synthetic rutile.

Image Resources, Boonanarring, Western Australia, mineral sands- $235 Million Project, 500 tonnes per hour at the site over the first half of 2019.

Talison Lithium, Greenbushes expansion, Western Australia, lithium- The latest expansion, announced in the first half of 2018, will double the production capacity at Greenbushes to 2.3 million tonnes of lithium concentrate a year from 2021. Greenbushes is already the world’s largest lithium mine.

Tianqi Lithium Australia, Kwinana lithium plant, Western Australia, lithium– $700 million at Kwinana near Perth on a two-stage lithium hydroxide plant. Expected to become the world leading producer of battery grade lithium.

Kidman Resources, Mount Holland mine, Western Australia, lithium- $849 million lithium project in the Goldfields region of WA. Approx annual production of 45,254 tonnes of LiOH and a 47-year mine life.

Mineral Resources, Wodgina processing plant, Western Australia, lithium- 50,000 tonnes per annum of lithium hydroxide. The second stage is expected to increase production from the plant to 100,000 tonnes per annum of lithium hydroxide.

With all the above in mind I then encourage you to look at the latest Property Clock from Herron Todd and White. You will note that it still has Perth at the bottom of the market. I believe this is mainly attributed to still a higher than average stock levels, however over the last three weeks this has been decreasing. However you will note an interesting thing and that is both Port Hedland is starting its recovery and Karratha is experiencing price rises. With Western Australia being so reactive to our mining industry it will be only a matter of time when we follow suit and start to see us transition into the next property Phase.

So my question to you is are you ready?

Have you put things in place to ensure when you are ready you can benefit from the change in market when it occurs?


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