MACRO Realty Developments

A drastic shortage of accommodation in the mining rich region of Newman, WA has hiked rental prices up as far as $1650 per week for an average three bedroom home.

Perth based company MACRO Realty said that with the population of Newman expected to nearly double by 2015 it is at the brink of a housing crisis beyond comprehension.

“The Newman population is currently made up of five thousand permanent residents and three thousand fly-in-fly-out workers, hundreds of whom are living in buses, caravans and converted shipping containers,” said MACRO Realty Director Veronica Macpherson. 

“The last land release in Newman by Landcorp was of 23 lots, for which 467 expressions of interest were received,” she said.

“We have been struggling to secure land for development in Newman for many years and were thrilled to finally secure the Grandtown site of 14.57 hectares in February.”

“We have moved quickly to make 266 land lots available to the people of Newman.  The property was purchased for $10M, making it one of the single largest Englobo land transactions in the Pilbara, on record.”

“The development won’t solve the problem but it is a step in the right direction”, Director and senior property manager at MACRO Realty Renee Smith added, “our Newman property investors are currently achieving over 11.5 per cent rent returns.”

Minister for Regional Developments Mr Brendon Grylls describes Newman (in the Newman Revitalisation Plan), as a key service centre for some of the world’s biggest iron ore projects and a town that faces an exciting future.

The successful development of Newman is essential to the health of the state as WA is increasingly being relied upon to fill the world’s demand for iron ore. 

Eight hundred million dollars of expenditure is planned for the improvement of the town in the next five years under the Newman Revitalisation Plan. 

Newman being the hub of iron ore operations in the Pilbara and home to BHP’s single largest project and the World’s biggest open cut iron ore mine, Mount Whaleback.

“The people of Newman will soon be able to enjoy a town centre full of character and a town centre geared to accommodate more residents, retailers and businesses,” Mr Grylls said in the revitalisation plan.

“In achieving this we will secure the long-term economic future of Newman and the people who live there,” he said.

Individuals and families wishing to purchase land in the Newman Estate, situated on the corner of Kalgan and Daniels Drive, should contact MACRO Realty at sales@macrorealty.com.au or by phoning 08 9310 4406.