Home' API Magazine : October 2014 Contents OCTOBER 2014 n APIMAGAZINE.COM.AU n 91
residential workforce and an increased
Personal Zone Tax Offset in the vicinity of
$5000 to $10,000.
“It would basically be zone allowance,” he
says. “If you were to say to a young couple
‘come out to places such as Mt Isa. Come
work here and get the zone allowance,’ once
people come out here to live and work, the
chances are they’ll stay.
“If you come out here you’d be entitled
to earn, as an initial start we’re suggesting,
(about) $10,000 a year, which would be
tax-free for people to come and live in the
“And here in Queensland, you’re talking
about Mount Isa, Cloncurry, McKinlay – all
of those small outback areas, they’re the ones
that would get the top rebate.
“Cairns and Townsville would get some
(rebate) but not as much as people who live
in the remote parts of Australia.”
McGrady says it’s high time this country
makes a decision about the future viability of
its remote regions.
“ The decision is whether or not you want
to encourage people to come and live in the
remoter parts of the nation, or whether you
want Australia to be a nation of city dwellers
and people who live on the coastal strip and
denude the rest of the continent.”
nNORTH WEST QUEENSLAND
STRATEGIC DEVELOPMENT STUDY
Regional development groups, including
the Mount Isa To Townsville Economic
Development Zone (MITEZ), Gulf Savannah
Development (GSD), the Queensland
Government, 10 local councils and a number
of major industries operating in the region
were behind the study.
MITEZ chief executive officer Glen
Graham says northern Australia will become
much more important as a contributor to the
“However it’ll require a strong
commitment from the State and
Commonwealth (governments) to get some
new projects (particularly with agriculture
and food production) commenced. This
would include new dams and water storages,”
If the challenges facing northwest
Queensland are overcome, the study suggests
the region offers opportunities of a scale
that are difficult to match either nationally or
As of 2014, according to the study,
northwest Queensland currently has:
f Gross Regional Product (GRP) of
f Employment totalling approximately
20,000 jobs by place of work.
And the study says it has the potential to
generate on a long-term ongoing basis the
f A near two-fold increase in real GRP to
f A near 40 per cent increase in employment
to around 28,000 jobs.
f A 25 per cent increase to its resident
While Graham says Mount Isa will always
rely greatly on the local mine, he’s confident
other options to shore up the town’s future
and its economy will be identified.
“People realise the mine is faced with the
prospect of diminishing reserves in some
of its traditional ore bodies, with ore now
being trucked in from mines further afield,”
“ This may very well become the future as
there are a number of smaller mines being
developed that will provide future feedstock
for Mount Isa’s metallurgical treatment
nMOUNT ISA TO TOWNSVILLE
The MITEZ region stretches from Mount Isa
across to the Townsville coast and Graham
says one of the main issues for this area
includes the upkeep of routine maintenance.
“Apart from maintenance work, no money
has been spent in recent years on capital
upgrades on the Flinders Highway which
is now seeing increased heavy vehicles
transporting minerals to Townsville,” he says.
SOLDIERS HILL FACT SHEET
Soldiers Hill has an oversupply to demand
situation. There are many rental properties
available to tenants and there’s an
oversupply of for sale listings. Discounting
has been muted. Incomes in Soldiers Hill are
growing slightly slower than the Queensland
average. The proportion of renters to owner-
occupiers is above average for Queensland.
Rental vacancy rates are a high 5.6 per cent.
Stock for sale levels are up by 51.4 per cent
year on year.
Source: SQM Research, www.sqmresearch.com.au (accurate to June, 2014)
f Mount Isa Mines are
key drivers of the
f Rental yields are
strong due to the
mines in operation.
WALK SCORE6: 8
Soldiers Hill has a Walk Score of eight out
of 100. Soldiers Hill is a car-dependent
neighbourhood so almost all errands
require a car. Nearby schools include
Sunrise JP School, Dumezweni JS School
and Luzupu School.
n Mortgage holders
n Separate house (587)
row or terrace house,
townhouse etc (18)
n Flat, unit or
n Other dwelling (0)
10-YEAR AVERAGE ANNUAL GROWTH5
POPULATION IN THE MITEZ REGION 2011
% of Region
Queensland n THE STATES
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