Content supplied by First National Real Estate Chinchilla.
Chinchilla has grown into a diverse economic powerhouse with gas and coal exploration, a power station and primary industry in grains, cotton and broad acre farming. “With an estimated 250 years’ worth of viable coal resources, Chinchilla is considered Australia’s future energy hub,” says the Surat Basin Corporation website. The town has ample amenities and has a number of schools from primary to tertiary. It has its own well-equipped hospital providing maternity and emergency wards and other medical facilities.
Chinchilla residents enjoy a wide range of shopping and entertainment amenities including McDonalds, Woolworths and IGA. Many residents also enjoy keeping fit at one of the 3 gymnasiums. All four major banks and some smaller lenders have branches in the area. Chinchilla also provides other high quality facilities such as a 700-seat auditorium, cinemas and an indoor aquatic centre.
The Condamine River Weir provides more than sufficient water supply for both Chinchillas current and future needs. Chinchilla is positioning itself as a tree change destination and a base for business looking to take advantage of the thriving coal and gas mining sector in the area – as well as the long list of other industries.
Chinchilla's population has been growing strongly over the past five years – a staggering 5% growth per annum according to SQM Research. Rental demand is very high in Chinchilla, thanks to the ever-growing list of companies moving into the area. Current vacancy rates sit at around 1%. Rental yields are also very high. No doubt as construction activity ramps up and workers start coming into the area, house prices and rents are likely to escalate.
First National Real Estate Chinchilla has been operational in the town for almost 8 years. The business has recently changed hands with one of the staff taking over as Principal. Most of the staff have been retained with some new staff joining the property management team. Our aim is to provide clients with the highest quality of service.
Zanoni Park Villas is an exciting new development in the heart of Chinchilla. Located within walking distance to school, shops, medical and other amenities these Villas will be very attractive to investors and very popular with tenants.. Across the road from the development is the Chinchilla Aquatic and Fitness Centre with gymnasium, 50m pool, toddlers pool and a 25m indoor heated pool.
The Villas have been designed with the focus on spacious, liveable units with high quality fixtures & fittings to suit the modern lifestyles of today. The developers are committed to creating & delivering high quality, extremely low maintenance, professional construction for modern living.
Boasting superior design, construction and inclusions Zanoni Park Villas offer a great investment from first time to astute investors. Recent rental appraisals show a 9+% rental return on each unit.
Further information can be obtained from our website www.chinchillafn.com.au or by phoning one of our friendly staff on 07 4669 1966.
The above information is supplied by First National Chinchilla.
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