Western Australia has taken out the top place in the 2013 Fraser Institute Survey of Mining Companies as the most attractive investment destination. As a result, this could lead to a larger number of businesses shifting to the state, strengthening the economy further.
Scoring a total 85.3 out of 100 in the Investment Attractiveness Index, WA outranked other Australian states and large international regions such as Nevada and Newfoundland.
Favourably for increasing investment possibilities, WA came in second in the Best Practices Mineral Potential Index, which could spell good news for more mineral exploration for the state in the future.
As competition increases internationally to secure companies to invest in large development,Mines and Petroleum Minister Bill Marmion said he was pleased to see the Mining Rehabilitation Fund described as "exemplary policy" by a president of an exploration company, according to a March 11 release.
Positive rankings such as these will encourage further businesses to invest in the industry and continue to boost the state's economy.
"WA has a dynamic, world class resources industry which underpins the state and national economies and as Minister for Mines and Petroleum I intend to ensure it remains that way," Mr Marmion said.
This is pleasing news for owners of real estate in Bunbury whether they're investors or owner occupiers. Potential economic growth in the region lends towards higher property values and spells good conditions for investing.