What is happening in Dalby, Chinchilla and Miles in the Surat Basin is spectacular.
There are over 80 Billion dollars and 47 separate projects to be completed in the Surat Basin between now and 2015. The population of these three towns is due to double over the next 5 years making room for an additional 45,000 residents. Origin Energy alone estimates they will need up to 18,000 new employees during the peak construction phases.
This is a diversified build up of many different industries and in short this is the ground floor in the biggest industrial-mining and power generation build up in Queensland history. We have seen this happen before, both in the Bowen basin as well as the Pilbara region. Don't miss your chance to invest in this area before it becomes prohibitively expensive.
The increase and diversity of many different industries is enormous. By 2013, there will be 47 building projects, worth approximately $100 Billion dollars, commenced or commencing.
Dalby is located at the mouth of the massively rich Surat basin coal seam. Only 85 km to Toowoomba and just 210 km to Brisbane, the Surat Basin is being hailed as Queenslands clean energy precinct.
There is simply not enough quality housing in Dalby and there is not enough land available to build on to change this anytime soon. For the next few years there will be an accommodation crisis and skyrocketing rents and capital gains.
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| The Surat Basin is an ideal location to invest. Hundreds of trade workers and miners reside in the Dalby, Chinchilla and Miles, and currently there is a shortage of housing and the population is expected to increase 50% in the next three years (REIQ). the region has multiple mines and large Power Stations, while Dably is only 85 km to Toowoomba and just 210 km to Brisbane. Read Media and Press about the Surat Basin region. |
The Surat Basin has vast reserves of:
See below for an interesting report on the Surat Basin and the current and future growth of the region. |
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Black gold bonanza for region By Lacey Burley - Toowoomba Chronicle (10 Sept '08) Gas processing plants similar to this are expected to emerge all over the Darling Downs. The Surat Basin coal seam gas mining rush is here and will forever change the face of Toowoomba and the Darling Downs. The figures are astounding. Dalby Regional Council mayor Ray Brown has seen projections that up to 16,000 workers will be solely employed in the mining industry by 2016. |
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Cr Brown said the flow-on effect would be up to 100,000 new residents coming to live across the Surat Basin, including Miles, Chinchilla, Dalby and Toowoomba. On Monday, Origin Energy announced that US oil and gas giant ConocoPhillips had pledged $9.6 billion for a half share in their coal seam gas (CSG) and liquefied natural gas (CGS) projects... |
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...By 2011, the Surat Basin will be Australia's largest energy province and the 40 billion tonnes of untapped resources will be exported around the world...
...Dalby is a quaint tree lined agricultural town that is more than 100 years old, it has a a beautiful main street and a recently completed 50 million dollar shopping center, Dalby Shopping world which hosts both Woolworths and Big W among others. |
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Unlike some resource areas the local people love the area and would not live anywhere else.
Land in Dalby, Chinchilla and Miles is strictly limited and once gone, the next land releases will be many months away. Now is the time to put a block on hold, to build one of these solid brick homes and cash in on one of the largest build ups in Australian gas and mining history.
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The 1 billion dollar Missing Link rail line to Gladstone's ports will allow up to 27 new coal mines to open up.
This rail line will start in Dalby and carry through to Miles and Wandoan to link up with the existing coal train lines in Banana which feed the ports in Gladstone.
Dalby also has a large ethanol refinery and new gas fired power stations being built, all leading to a strong drive of employment and the economy. |
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There is currently a new proposal for a 1 billion dollar gas pipeline
built linking the Surat Basin's gas with the Hunter Valley power
stations, and straight to Newcastle port for export.
BG (British Gas), the world's largest gas company, made an offer for a share of Origin Energy.
However, it was Conoccophillips, the 5th largest oil company in the world that was successful in their 9.6 billion dollar offer for 49.9% of Origin, making it the largest sale in Queensland history.
Having been refused, BG turned their sites on The Queensland Gas
company and successfully acquired it for 5.6 Billion.
The credit crunch and various recessions have not affected the worlds
hunger for LNG as evidenced by these major international players buying
out our Australian LNG companies. Royal Dutch Shell has also entered the market by making an offer Arrow Energy for 3 Billion in August 2009 which it has already invested heavily in. |
