Management and staff hope that you had a safe and happy Christmas and New Year.
2018 is shaping up as a great year for Mackay and surrounding regions. There are a number of major projects which will continue through 2018 or are slated in to commence during the next 12 months. Some of these projects include:
- Mackay Ring Road Project
- Mackay Showground Redevelopment
- Vines Creek Bridge Replacement
- Moranbah Reservoir & Associated Works
- Nebo Water Supply
- Airlie Beach Foreshore Revitalization
- Bowen Recycled Water Network Expansion.
The majority of these projects will be completed using local people and equipment which would be a great boost to the economy. Some other large scale projects due to commence in 2018 are:
- Byerwen Coal Project
- Carmichael Mine & Rain Project.
These projects are likely to have an indirect impact to the Mackay region due to its close proximity to these mines and the already existing mining services industries which are set up in the region.
The Mackay property market has started to show signs of improvement during the last few months of 2017. Vacancy rates are currently at the lowest point in a number of years and median house prices have also started to slowly increase throughout the region. With the number of projects to come online in 2018 it is anticipated that the property market will continue to improve as more people come back to the region.
With all of these projects and property market improvement the local region is shaping up for a great year.
CBG Partners wishes everyone the best for the coming year and look forward to working closely with you and your business.