Getting a Piece of the Gorgon Pie

Posted by Manuel Jardim on 11 October 2009 | 0 Comments

Tags: Gorgon Project, Western Australia Housing

We’ve been hearing a lot about the Gorgon LNG development on Barrow Island these past few weeks. If you live in WA, it’s been the biggest story in the business news. The statistics connected with this project are staggering:

• $43 billion spent by Chevron on up-front development costs
  
• 10,000 jobs expected to be created during the construction phase
  
• $33 billion spent on local goods and services over the 30-year life span of the project
  
• 3,300 bed village under development to house construction workers on Barrow Island.
  

While it’s early days for Gorgon, it’s just the tip of the iceberg. According to the WA Business News, “about $200 billion in major oil and gas projects (are) now under way or planned off the Western Australia coast over the next decade” By any account, the future for WA is so bright that the global financial crisis is beginning to be a dimly held memory.

Perth Connection
While engineering and construction firms are frothing over skills shortages and implementation plans in the far north, the Perth metropolitan area needs to gear up, as well. It’s not hard to figure the 3,300 construction workers on the Gorgon project will be part of larger families. Gorgon will also help drive the migration trend that started with the last resources boom. Many of these people will stay permanently in Australia and most of them will make Perth their new home.

Helping Hand from State Government
It’s all good news for the property development industry. Housing Minister and Treasurer, Troy Buswell, is backing the industry in unprecedented ways. Introducing the Red Tape Reduction Scheme is a first good step to alleviating hassles developers and homebuilders encounter when trying to get a project completed.

The Right Time is Now
In June, Mr. Buswell launched the Build Now campaign. “There’s never been a better time to build a new home,” he said. “Historically low housing interest rates, competitive deals among builders, faster building times, and WA’s strong economy and employment means building now is a good choice for home buyers.”

Troy Buswell is right. It is a good time to build a house. Jardim Corporation is a dedicated competitor in the property development industry. We build quality homes, quickly and efficiently. If you’re ready to get a piece of the Gorgon pie, contact us to discuss how we can help you make an investment in the future of Western Australia.