As of today, supply is currently down with only 116 properties listed for sale and 38 of those properties already placed under offer. This is a typical trend for the Karratha marketplace as we head into the festive month of 2019 and more sellers decide to push their marketing campaign to early 2020. The Pilbara Development Commission shared on their LinkedIn page that stage 3 of the Karratha to Tom Price corridor is set to be complete in 2020. My understanding is that the Australian government has brought forward funding of around $156 million to as early as 2020 for the construction of stage 4. This is a massive step from the proposed original plan to fund the project in 2023 and I think is going to be fantastic not only for drive-in-drive-out (DIDO) work out of the Karratha area, but the accessibility to Karajini National Park will open up a great tourism opportunity for the Pilbara.
We recently hosted an open home in Nickol and we’re fortunate enough to meet 27 buyers at the home open following that, 4 of the attendees registered as bidders for our forthcoming auction.
0 Comments