Kimberley region is hot property

WA’S Kimberley region is experiencing strong economic and population growth and has a range of exciting investment and lifestyle opportunities.

The region has excellent prospects for continued growth, linked to the diversity of its economic base and the resilience of its people.

Investment opportunities exist in the real estate and property development markets and in many enterprises associated with the tourism, mining, pearling and agricultural industries.

Major towns in the Kimberley include Broome, Kununurra, Derby, Fitzroy Crossing, Halls Creek and Wyndham.

The region has one of the fastest population growth rates in WA, increasing at an average rate of 2.5 percent per annum between 1991 and 1998.

The spectacular natural features and unique cultural heritage are attracting an increasing number of visitors to the region.

Tourism is a major industry experiencing rapid growth, driven by the region’s magnificent scenery and unique tourist attractions.

Economic indicators suggest business confidence in the region is strong. Since 1990-91, the value of building approvals has increased at an average rate of 15 percent per annum.

In 1997-98 residential and non-residential approvals were valued at over $66 million.

Retail turnover has increased by 61 percent since 1993 and visitors to commercial tourism accommodation are growing at an average rate of 5 per cent per annum.

A major project to harness the massive tides around Derby is currently proposed by a private developer.

• Jeff Gooding is CEO of the Kimberley Development Commission.

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