WHAT A GREAT DECEMBER REPORT FROM HERRON TODD WHITE FOR MACKAY

 

IT REPORTS:

1.  Rental vacancy rates are now below 1%

2.  Rents are increasing on a weekly basis of between $20-$50

3. Official REIQ  figures show median house prices increased by just over 3%

The Mackay market is at the start of a major upturn based upon strong long term fundaments for the economy.

MACKAY ECONOMY ON THE RISE 

BHP's Peak Downs Mine has had a mammoth delivery of five Ultra-Class Liebherr T 282 C Dump Trucks to the Bowen Basin mine site. These are the second biggest dump trucks on the planet. BHP must be extremely confident in the long term future of coal or they would not have undertaken such an order.