Minsol Group Blogs

Sourced from Residential Tenancies Authority Median rents in mining areas have dropped to below 2010 levels after peaking during 2012 and 2013, according to March quarter 2015 rental bond data from the RTA. There has been an average drop of 36% for median rents in Mackay, Emerald, Gladstone and Mount Isa between the peak of the mining boom (2012 and 2013) and 2015. In Mackay, median weekly rent for a 2 bedroom unit was $230 in the March quarter 2015, $50 less than in the same quar...

Sourced from GasFields Commission Queensland The GasFields Commission is undertaking a stocktake of land rehabilitation efforts and community engagement activities for the three (3) major gas export pipelines connecting the Surat Basin to Gladstone in Queensland. Commission Chairman, John Cotter said these pipeline projects not only represent a large technical and engineering feat but there has also been a significant community engagement challenge. Mr Cotter said these pipeline e...

Sourced from PRD Nationwide Regional Queensland comprises all local government areas within the Far North and North Queensland, Central Queensland, North Coast, and South West Coast. Based on median price price growth and transaction level of house and units between 2013 and 2014; it is interesting to see that as an overall transaction numbers for house and units have decreased, while median price remained unchanged. This suggests that the Regional Queensland property market is potenti...

REIQ data reveals rental problems for traditional mining towns, however Gladstone is recovering.  The latest Real Estate Institute of Queensland rental vacancy information - for the March 2015 quarter - shows high vacancy rates in several regional areas. Gladstone's vacancy rate has dropped five times since peaking at 7.7 per cent at the end of 2013 and  now sits at 3.8 per cent. Looking at the figures for Mackay, Rockhampton and Gladstone it is too soon to call this ...

Peter Ker, The Sydney Morning Herald Oil and gas major Royal Dutch Shell looks set to take control of a $US20 billion ($26 billion) LNG processing plant in Queensland after agreeing to a $91 billion (£47 billion) takeover of BG Group. The deal is a huge vote of confidence in Queensland's $63 billion LNG export industry and comes as the Abbott government bets big on fossil fuels in its long-awaited energy white paper. The two companies confirmed on Wednesday they would push ah...