BEACH ES­TATE BOOM­ING

Joondalup Weekender - - Residential -

FIFO work­ers have ac­counted for more than 60 per cent of land sales this year at At­lantis Beach in Two Rocks, demon­strat­ing a grow­ing con­fi­dence in the State’s econ­omy, ac­cord­ing to the de­vel­oper.

The lat­est land sales fig­ures for the es­tate re­vealed buy­ers with at least one pur­chaser work­ing on Fifo shifts made up 62.5 per cent of sales dur­ing the first two months of 2018, com­pared to last year’s fig­ures where 33 per cent of buy­ers were Fifo work­ers.

At­lantis Beach Es­tate project direc­tor Jar­rod Ren­dall said there had been a ma­jor jump in Fifo work­ers buy­ing into the com­mu­nity.

“This con­fi­dence has been high­lighted by a new re­port by WA’s peak busi­ness group who are pre­dict­ing an eco­nomic come­back in the State, as surg­ing busi­ness and con­sumer con­fi­dence com­bines with jobs growth,” he said.

“The Cham­ber of Com­merce and In­dus­try’s twiceyearly eco­nomic out­look pre­dicts that WA is at a pos­i­tive turn­ing point, with gross state prod­uct fore­cast to grow 0.9 per cent next year and 2 per cent the fol­low­ing year.”

As of September 2017, WA had an es­ti­mated $148 bil­lion worth of re­source projects in the pipe­line.

Mr Ren­dell said this new busi­ness in­vest­ment across the re­sources sec­tor gave Fifo work­ers the con­fi­dence to pur­chase house-and-land pack­ages es­pe­cially in the more af­ford­able coastal ar­eas of Perth.

“We are find­ing at At­lantis Beach Es­tate, Fifo work­ers are gen­er­ally buy­ing larger lot sizes from 450sqm up­wards with prices start­ing from just $174,000,” he said.

“In com­par­i­son, sim­i­lar lots in a nearby es­tate, slightly closer to Perth, are priced from $249,000 to $256,000.

“Buy­ing at At­lantis Beach can rep­re­sent a sav­ing of more than $70,000 and this huge sav­ing means they can se­cure a larger lot for them to en­joy the life­style they de­sire.

“Fifo work­ers have also been very re­cep­tive to our cur­rent Spend $10K Your Way pro­mo­tion.

“Once the buyer’s land has set­tled, the $10,000 will be avail­able for them to spend the money on any­thing they like.”

Visit at­lantis­beach.com.au or con­tact Blaine Hall-Jones on 0421 356 006.

There have been strong sales at At­lantis Beach Es­tate in Two Rocks.

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