Professionals Real Estate Group has opened a new office in Kununurra to capitalise on more than $400 million in new investment targeted at the area as part of the Ord-East Kimberley Development Plan.
The new licensee/director of Professionals Kununurra is Mandy Thorneycroft who has worked in the Kununurra real estate market for several years. Mandy will be supported by co-director Melanie Diffey and property management associate Natasha Bridson.
Mandy says that Professionals Kununurra is perfectly positioned to offer local residents a wide range of quality real estate services, at a period when the local property market was undergoing major expansion due to the State and Federal supported Ord-East Kimberley Development Plan.
“As part of this ambitious plan, $220 million will be invested to develop 8000 hectares of new agricultural land in the Weaber Plains area, with the first 22 agricultural lots expected to be released in 2011 following the construction of supporting infrastructure.
“Construction has already started on an accommodation village which will house up to 250 workers building the channels, roads and drainage infrastructure for the expansion.
“In addition, $195 million will be spent on improving housing, health, education & training in the local areas including the re-development of the Wyndham health facilities, expanding the Kununurra hospital, major upgrades to local educational and housing facilities as well as improvements to both Wyndham Port facilities and the Kununurra Airport Terminal. An addition 120 homes for social and transitional house is also planned.
“This massive new investment will economically and socially transform the East Kimberley in just a short period of time. Historically, major new infrastructure development has been a driver in the property market and the same trend is already occurring in Kununurra with a growing demand for real estate in recent months.
“In particular, there is very strong demand for new residential building lots in Kununurra which is underlined by the recent success of Stage 5 of the Lakeside Park Estate. Only 14 house and land package lots of the initial 87 lots remaining for sale. To meet the increased demand for housing, 125 smaller/medium density building lots are expected to be released at Coolibah Estate near the town centre in the coming months as well as approximately 54 residential lots earmarked for release in Stage 6 of Lakeside Park Estate later in the year,” she said.
David Hobbs, CEO, Professionals Real Estate Group added that the new Kununurra office brings to a record 62 offices the company has now operating in Western Australia and The Northern Territory.
“We are delighted that Mandy, Melanie and Natasha have joined Professionals and as CEO, I have every confidence that Professionals Kununurra will become a major success in the Western Australian real estate industry over the coming years.
“The Group has now 16 offices in regional areas and we intend to increase this number during by establishing offices in local real estate markets that have the potential for strong growth such as Kununurra.
In particular, we intend to strengthen our presence in the NorthWest of the State with a view to opening new offices in Karratha and Port Hedland” he said.
Professionals Kununurra is located at 112A Coolibah Drive, Kununurra. Telephone 08 91683777 or visit www.professionalskununurra.com.au