ERM Power - Braemar 3

Approvals and details have been released around the latest brainchild for ERM Braemar. To be located central to Braemar 1 and 2; Braemar 3 is due to commence construction in early 2013 with full operation in 2015. Braemar 3 is a 520MW open-cycle gas-fired power station and high pressure gas pipeline that will be constructed at an estimated cost of $550 million. Located south-east of Chinchilla, this will provide 400 jobs during construction.

Braemar 4 has also been given the green light by local authorities, however no construction details have been announced as yet.

Queensland Gas Company
And the winner is ... Theiss  Pty Ltd has been appointed to the construction of a gas processing facility for  QGC. The project, involves construction of six field compression stations, and a central processing facility to service the QC LNG project. With construction scheduled to commence almost immediately, not only will the project provide opportunities for local contractors and increase local industry , it will also provide a considerable injection into several local industries (including housing and building).

The Kenya Water Treatment Plant Project
The Kenya Water Treatment Plant is on track for construction to be completed mid 2012. The Kenya Plant, one of two osmosis plants in the region, will have the capacity to treat 92ML of coal seam gas (CSG) water a day ready for distribution into local water supply chains and for allocation by local authorities. 

Kenya to Chinchilla Weir Pipeline Project by SunWater
The Kenya to Chinchilla Weir Pipeline Project as contracted to SunWater (a government contractor) is on target to be completed mid 2012 (to coincide with the completion of the Kenya Water Treatment Plant). The pipeline is the means of treated water from the Kenya Water Treatment Plant to be moved to the Chinchilla Weir for distribution to local farmers for irrigation and other local industry needs.

The Surat Basin offers some terrific opportunities for investors. However, the initial process of gaining an investment property and starting your own investment portfolio can be very daunting. In order to tackle this, the following are 3 tips that should be considered:

1.  It's all about location, location, location.  Take a little time to invest in some research. Become an expert on the area - get to know the direction of development, growth and community and get a feel for the atmosphere, activity and infrastructure.

2.  Understand your prospective tenants - their demographics, motivations, structure, needs and wants. What do they require in a rental property? What are they looking for?

3.  Know what you want to achieve from your investment, eg capital growth or rental return? Tax incentives and deductions? What is your risk profile?

Taking the above into account will ensure you are going into the market with a clear direction and expectation as to what you are looking for.

Surat Basin Real Estate has had some very positive results from recent auctions; in the  last fortnight, 42 Oak Street went under the hammer and SOLD.  Upcoming auctions to look out for include the triple auction to be held at 13/15 Holland Street at 10am on 24 March 2012.  This auction will offer 13/15 Holland Street,  Riders Road and 21 Colamba Street.  Plus look out for another three properties that will be auctioned in April. Full details will be available shortly. 

Just a reminder too, we are always looking for new listings, so if you are looking to sell your property, come in for a chat and see what Surat Basin Real Estate can do for you.

The new standards apply to all corded internal window coverings. All new products now come with mandatory installation labeling and guidelines that need to be strictly adhered to so the product is compliant.

As there will likely be properties fitted with window coverings that do not comply with the new legislation, Surat Basin Real Estate will be conducting an audit on all current rental properties so that all properties comply with the new standards, and ensure the safe environment for our tenants and their youngsters.

Where necessary, we will be arranging to have the cleats lifted, at least 1600mm above the floor, to secure the cords, to ensure compliance with legislation.

For any enquiries or information 0n the standards, please contact the Surat Basin Real Estate office on 4669 1790 and have a chat with one of our friendly Property Management gurus who will be only too happy to assist.