The mining industry is crucial to ensuring the strength and continued growth of the Western Australian economy. Fortunately, this is improving after the value of WA's mineral and petroleum sector reached a record level of $113.8 billion last year, a 15 per cent increase from 2012 according to the government of WA's Department for Mining and Petroleum 2013 industry review.
Recent assurance by the government to boost the industry is pleasing news for owners Bunbury rentals and residential property. In a March 14 statement the government committed to upgrading the Great Eastern Highway between Walgoolan and Coolgardie.
"This highway is used by significant mining and other freight traffic and the upgrade will increase regional economic productivity," said Deputy Prime Minister for Infrastructure and Regional Development Warren Truss in a March 14 statement.
The dominance of the resources sector in the nation's economy is expected to continue with the recent Fraser Institute Survey of Mining Companies recognising WA as the most desirable region in the world for mining investment.
Real estate in Bunbury is already sought after because of its community feel and seaside location and further government commitments to ensure economic growth makes it a perfect place for property investment.