Pelago Apartments are set to offer a lifestyle never before seen in Karratha. Karratha’s first modern residential and commercial development, Pelago East offers one, two or three-bedroom apartments along with impressive commercial spaces.
Located in the heart of Karratha, the development is literally a stone’s throw from the soon to be vibrant entertainment precinct of Sharpe Avenue. The precinct will include restaurants and cafes with indoor and alfresco dining, nightclubs and bars along with cinemas and a theatre providing city living right alongside the unique Pilbara lifestyle.
Along with luxurious living in an architecturally-designed apartment, as you would expect, Pelago East ensures its residents 24/7 security and amenity.
And when you’re not sitting back, enjoying the scenic views from your balcony, why not take advantage of the resort style leisure facilities including the inviting 20-metre swimming pool surrounded by sun lounges, casual tables and chairs.
There are gas barbecues with stainless steel sinks for alfresco dining with family and friends and a pool lounge fitted with the latest in contemporary furniture designed to wile away your leisure hours. And the kids will be kept happy with the synthetic rubber floored play area next to the pool deck.
The games area has its own pool table along with a 42-inch LCD TV, while the bar has a sink, microwave and refrigerator – all ready for entertaining or casual dining.
The state of the art gymnasium has everything needed whether you are a gym junkie or just keen on keeping up your fitness. When you’re finished with the weights move to a work out on the exercise bike, treadmill, rowing machine or perhaps the elliptical cross trainer.
When your workout is over, take a dip in the pool and relax in the timber lined sauna before heading out for a night on the town or a day off wandering through the Pilbara’s amazing scenery and natural beauty.
Pelago Apartment living really does mean enjoying an unrivalled work/life balance and taking back your time to enjoy the life you’ve always wanted to live.
The next stage of the town’s development is as the WA State Government’s chosen City of the North which will see the population rise to 50,000.
The Shire of Roebourne and the WA Government have launched exciting new plans to transform Karratha into a world-class City of the North.
From a new-look town centre to waterfront developments and new residential lots, the bold blueprint paves the way for Karratha to become a major Australian city with more than 50,000 local residents.
The Karratha – City of the North Plan has been at the drawing board since late 2009 and involved a team of more than 20 of WA’s best and brightest urban designers, planners and landscape architects.
The Plan takes the region one step closer to “realising the dream” of achieving the WA Government’s Pilbara Cities vision. The Karratha – City of the North Plan endows the region with vastly improved infrastructure and amenity and offers more affordable and diverse styles of housing.
The Karratha – City of the North Plan is a three-phase strategy that will guide the development of future housing, open spaces, commercial activities, tourist accommodation, entertainment and retail areas as well as service infrastructure, transport, education and community facilities.
Pelago Apartments is the Pilbara’s first modern residential and commercial development providing inner-city living and a luxurious lifestyle. Just a short walk from the central business district, the apartments are primed to take advantage of the fantastic Pilbara lifestyle – and its resources boom.
Whether it’s your own stylish home, or as an investment, now is the time to look north and take part in the lifestyle Karratha has to offer.
There’s never been a better time to invest in the region’s future. Known for its multi-billion dollar resource investments, Karratha produces 25 per cent of Australia’s exports. But it is not until you actually visit Karratha that you realise the immense wealth of the region – and real meaning of a resources boom.
The town is home to both Australia and the world’s biggest resource companies including Rio Tinto, Woodside and Chevron. It is also home to resources, innovation and people with vision who are ready to take the town into the future.
The township of Karratha was built on Nickol Bay in 1968 in response to a need for accommodation for miners working in the nearby Hamersley Ranges.
Karratha has always meant good country in the language of the local Aborigines and while it may now be linked to mining it was originally settled by Europeans for its rich pastoral land with the still-operating Karratha Station founded in 1929.
It has since flourished with other projects, including the Gorgon, Pluto and the North West Shelf Venture, bringing in more people keen to join the resources boom and enjoy the Pilbara’s enviable lifestyle.
Karratha has become the Powerhouse of the Pilbara, home to many government departments servicing the region.
The next stage of the town’s development will see the central business district will be revitalised with a new shopping precinct, restaurants, cafes and cinemas – creating a city lifestyle in the heart of the Pilbara.
Karratha Airport, already WA’s busiest regional airport, will be upgraded to cater for international flights – and even more domestic routes. It is set to welcome its millionth passenger this year.
The City of the North Plan will also see a Health and Wellbeing Campus created for residents along with a new golf course and upgraded sporting facilities, including the Finbar Group supported Karratha Leisure Centre, throughout the region.
It’s certainly an exciting time to be part of Karratha’s future which will see it grow from good country to great country.
Pelago Apartments overlook the natural beauty of the azure waters of Nickol Bay and the stunning scenery of the Burrup Peninsula.
The Mining Boom
In spite of the GFC and subsequent economic volatility, WA continued to experience robust growth in its mining investment pipeline.
THE MINING BOOM
Currently there is $500 billion of resource projects on the books nationally, with $260 billion of these located in WA. In spite of the GFC and subsequent economic volatility, WA continued to experience robust growth in its mining investment pipeline, exceeding all other States including Queensland.
There is currently approximately $5 trillion of economically demonstrated mineral and energy resources in Australia with a value equivalent to 5-6 years of Australia’s total economic activity. Beyond this, there is an additional estimated $10-$15 trillion in resources still to be identified or not yet economical based on current prices and technology.
The investment cycle in WA’s mining sector is now in full swing with new capital expenditure by mining companies climbing rapidly over the last three quarters and now topping $11 billion in the March 2012 quarter. To put this in context, this is now almost double the peak of the last cycle in 2008. While the investment cycle for current projects is expected to peak in 2014/15, strong investment is likely to continue in the medium term.
In particular, iron ore in WA is generally a lower cost resource then our international major competitors (e.g. South America) while we hold a major competitive advantage in the form of our proximity to emerging economies such as China and India.
Ultimately long-term demand for steel is projected to exceed supply and this provides a degree of certainty for the future of WA’s iron ore sector.
MORE THAN JUST
Iron ore sales are increasingly based on spot pricing and is therefore impacted by volatility in international markets (as it is currently). In contrast, LNG typically secures longer term contracts for 25 to 30 year supply. It is the North West’s strong exposure to both LNG and iron ore that will underpin the region’s economic growth and dynamism in the long-term.
WA is home to internationally significant deposits of LNG, with the Carnarvon Basin near Karratha the largest. Due to its proximity, Karratha is expected to become a major focus of development in the North West as it expands to accommodate and service the LNG sector and its workforce.
Currently, the Shire of Roebourne has a gross regional product of $7 billion and represents approximately 25% of Australia’s exports. Furthermore, unemployment in Karratha peaked at 3.9% during the GFC (compared to 5.5% in WA) and currently is below 2%.
Overall the Karratha area will need between 40,000-50,000 workers by 2035 in order to sustain the resources sector and its anticipated growth. This in turn will be reflected in the demand by corporates for accommodation and in particular apartment living, which offers a greater degree of climate control.
Due to Karratha’s key role with the expansion of the North West’s resources sector, the State Government has committed significant funds for the area including:
- The Karratha Service Workers Accommodation project which is a $30 million development providing affordable accommodation to service workers providing essential services.
- Karratha CBD redevelopment worth $65 million.
- $10 million of Royalties for Regions funding allocated for a package of upgrades to health services and staff accommodation at Nickol Bay Hospital.
- KELT has been allocated a total of $20.3 million to assist with funding the building of a community and sporting precinct, together with the second stage of the Karratha Senior High School project.
Plans and Specs
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