The Spotlight on Port and South Hedland
Updated: Jul 7
Rick Hockey talks to Trent Fleskens from Perth Property Show with a suburb spotlight on Hedland!
Rick Hockey moved to Port Hedland in 1980 and had all three of his children there. He and his wife were on an around Australia road trip and fell in love with the town and haven't looked back since.
Port Hedland was founded in 1863 and was named after Peter Hedland - the first European to reach the harbour who arrived in 1857. Beginning as a pearling port and then in the late 1880's was also known for its tin and gold supplies.
The region is now very diversified with mining of iron ore, lithium, manganese and other resources along with a strong cattle industry.
The new diversification means that Hedland is no longer a one trick town and has a lot more to offer in the future. There are even talks about Oil and Gas offerings in the next 3-5 years.
So what does this mean for the region?
✔️More resilient town
✔️Originally a strong FIFO town but now there is a big swing in buyers who are local and want to live in the town - that swing is normalising the market
✔️The market has reached the bottom and is picking up and now showing some small gains along with strength in rentals - about $150-$180 per week.
✔️Properties can be bought now well below replacement cost and show good signs of steady long term growth
✔️Much better infrastructure in the town and region
✔️Strong long term mining investment in the region
Team Rick Hockey sold 132 properties last financial year (an average of 11 properties per month). Talk to Rick if you want to find our what your property is worth in today's market.
Rick Hockey | 0438 934 093
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